Didi reports 7.1% revenue rise, swings to Q4 loss

BEIJING (Reuters) – China’s ride-hailing company Didi Global reported on Tuesday a 7.1% rise in fourth-quarter revenue to 52.9 billion yuan ($7.32 billion), as the company’s recovery from a regulatory overhaul of its operations gathered pace.

The Beijing-based company posted a net loss of 1.3 billion yuan for the quarter ended December 31, compared to profit of 45 million yuan in the same period of last year.

($1 = 7.2228 Chinese yuan renminbi)

(Reporting by Liam Mo and Brenda Goh)