DiDi(US:DIDIY) Sou Hu Cai Jing·2025-09-02 08:16Core Viewpoint - Didi Global Inc. has agreed to pay $740 million to settle a shareholder class action lawsuit related to its 2021 IPO in the U.S., resulting in a significant financial loss for the company in Q2 2025 despite revenue growth [1][3][4]. Financial Performance - The settlement led to a net loss of 2.5 billion RMB (approximately $351 million) in Q2 2025, a stark decline from a profit of 854 million RMB in the same period last year [1]. - Revenue increased by 11% year-on-year, reaching 56.4 billion RMB, primarily driven by an increase in platform transaction volume [1]. Market Position and Growth - Didi achieved a record average daily transaction volume of 37.1 million in the Chinese market during Q2 2025, reflecting its continued dominance in the domestic ride-hailing market [4]. - Core platform transaction volume grew by 15%, with a 12% increase in the Chinese market and a 25% increase in overseas markets, resulting in a total gross transaction value (GTV) of 109.6 billion RMB, up 14% year-on-year [4]. Regulatory and Legal Challenges - Didi's IPO in June 2021 raised $4.4 billion at an initial price of $14 per share, but the company faced regulatory scrutiny and was fined 8 billion RMB (approximately $1.2 billion) in July 2022 for illegal data collection [3][5]. - The company has denied any wrongdoing in the shareholder lawsuit, stating that the settlement was to avoid further litigation costs and business disruptions [3]. Future Outlook - Didi plans to focus on improving service efficiency, expanding job opportunities, and enhancing driver rights protection while increasing investments in artificial intelligence and autonomous driving technology [5]. - The timeline for Didi's potential listing on the Hong Kong Stock Exchange remains uncertain, with analysts noting that stricter regulatory requirements and data compliance issues could pose challenges [5].