DiDi(US:DIDIY) Di Yi Cai Jing Zi Xun·2025-08-28 15:23Core Viewpoint - Didi has agreed to pay $740 million to settle a class-action lawsuit initiated by investors, asserting that the company did not engage in any wrongdoing and that the settlement aims to avoid litigation costs and business disruptions [1][3]. Group 1: Legal Settlement - The settlement involves a binding terms sheet with current and former executives and directors to resolve securities litigation against Didi Global [3]. - Didi confirmed a provision of $740 million will be recognized in the second quarter of 2025 [3]. - The lawsuit originated in July 2021, following Didi's IPO and subsequent regulatory scrutiny from Chinese authorities regarding data security and user privacy [4]. Group 2: Business Development - Didi's overseas revenue growth has outpaced domestic market growth, indicating a strategic shift towards international expansion post-IPO [6]. - The company has been actively exploring international markets since 2018, covering 14 countries across Latin America, Asia-Pacific, and Africa [6]. - In Brazil, Didi's ride-hailing platform 99 has achieved over 55 million users, and its food delivery service has successfully launched and completed significant order volumes in major cities [6].