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Investing.com -- Didi Global, the Chinese ride-hailing giant, on Thursday reported a revenue increase for the first quarter of the year.
The company’s revenue reached 53.3 billion yuan, marking an 8.6% increase compared to the same period last year when it was 49.1 billion yuan.
In addition to the increase in revenue, Didi Global also reported a significant increase in its adjusted Ebitda, which rose by 82% year-over-year to reach 3.1 billion yuan.
The company’s adjusted Ebita also saw a substantial rise, reaching 2.4 billion yuan in comparison to last year’s 965 million yuan.
The company also reported a record high for the average daily transactions, which reached 36.2 million in the first quarter. This is a significant increase for the company’s China mobility business.
In terms of future plans, Didi Global stated its commitment to supporting stable employment and boosting consumption by 2025.
The company also announced that it will actively drive the development of autonomous driving and artificial intelligence (AI) to better serve its drivers, users, and partners.
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