滴滴程维：国际出行强劲增长 多业务在拉美市场协同价值显现

Core Insights - Didi's core platform orders increased by 13.5% year-on-year in Q4 2025, reaching 4.844 billion orders, with a peak daily order volume exceeding 65 million [1][6] - The total transaction value (GTV) for the core platform in Q4 2025 grew by 19.9% year-on-year to 123.8 billion yuan, while the annual GTV reached 450.8 billion yuan, marking a 14.8% increase [1][6] Domestic Business Performance - In Q4 2025, Didi's domestic ride-hailing orders rose by 10.1% year-on-year to 3.578 billion, with an average daily order volume of 38.9 million [6][7] - The GTV for domestic ride-hailing in Q4 2025 increased by 11.2% year-on-year to 87.2 billion yuan, with the annual GTV growing by 10.7% to 333.8 billion yuan [2][7] - Didi has diversified its service offerings to meet personalized user demands, launching various new services and enhancing user experience, resulting in a 15% increase in core membership [2][7] International Business Growth - Didi's international business saw a significant growth in Q4 2025, with orders increasing by 24.5% year-on-year to 1.265 billion, and an annual growth of 24.7% to 4.505 billion orders [3][8] - The GTV for international operations in Q4 2025 surged by 47.1% to 36.6 billion yuan, with an annual increase of 28.2% to 117 billion yuan [3][8] - Didi's international services now cover 14 countries and regions, serving over 100 million users, with a strong presence in Brazil, where it has accumulated 55 million active users [3][9] Strategic Initiatives - Didi is enhancing its service capabilities at 313 airports and train stations across 165 cities in China [3][8] - The company is also focusing on artificial intelligence and autonomous driving technologies, with ongoing tests and developments in these areas [5][9] - Didi's food delivery service in Brazil has expanded to over 60 cities, with plans to reach 100 cities by mid-2026 [4][9]