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Didi Swings Back to a Loss After Revving Up Global Expansion

Didi Swings Back to a Loss After Revving Up Global Expansion

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Didi Global Inc. fell back into the red last quarter after the Chinese ride-hailing leader stepped up investments while grappling with new rivals like Meituan abroad.

The company recorded a net loss of 338 million yuan ($49 million) for the December quarter. Revenue rose more than 10%, reflecting growth in newer international markets including Brazil and Mexico.

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