Chinese ride-hailing company Didi Global falls to Q1 loss

BEIJING (Reuters) – Didi Global fell to a first-quarter net loss of 1.4 billion yuan ($193 million), China’s largest ride-hailing company reported on Wednesday.

Revenue increased by 14.9% to 49.1 billion yuan, it said.

($1 = 7.2490 Chinese yuan renminbi)

(Reporting by Liam Mo and Casey Hall; editing by Jason Neely)