According to TapTechNews on June 18 and a report by foreign media TheInformation yesterday, Didi is reportedly making relevant preparations for its Hong Kong IPO in 2025. The article stated that as its business gradually improves, Didi recently made presentations to relevant investors and participated in teleconferences of relevant banks.
In response to the above rumor, Didi refuted the rumor today, stating that the company is currently focused on continuously deepening its main business, better serving passengers, drivers and partners, and continuously improving product services and innovation capabilities to create long-term value for the industry and society. Didi has always maintained regular communication with investors and synchronized the company's business progress. Regarding the IPO, there is currently no timetable.
Didi officially applied to delist from the New York Stock Exchange in June 2022. In July 2022, the Cyberspace Administration of China imposed a fine of 8.026 billion yuan on Didi Global Inc. and a fine of 1 million yuan each on Cheng Wei, the chairman and CEO of Didi Global Inc., and Liu Qing, the president, in accordance with laws and regulations such as the Cybersecurity Law, the Data Security Law, the Personal Information Protection Law, and the Administrative Penalty Law.
In the first quarter of 2024, Didi's total revenue was 49.1 billion yuan, an increase of 14.9% year-on-year; the net loss in the first quarter was 1.35 billion yuan. The total transaction value (GTV) of the core platform in the first quarter reached 92.2 billion yuan, an increase of 26.9% year-on-year.
In the first quarter of 2024, the core platform transaction volume of Didi was 3.75 billion orders, an increase of 30.3% year-on-year. Among them, the total order volume of domestic travel increased by 27.1% year-on-year to 2.95 billion orders, and the total order volume of international business increased by 44% year-on-year to 790 million orders. Based on this calculation, the daily average order volumes of domestic travel and international business reached 32.5 million orders and 8.7 million orders, respectively, setting a new historical high.