China’s ride-hailing giant Didi Chuxing said to record $585m loss in first half of 2018

Didi Chuxing
The Didi Chuxing application is displayed on a smartphone screen in this arranged photograph taken in Shanghai, China. Photographer:Qilai Shen/ Bloomberg

Chinese ride-hailing giant Didi Chuxing lost 4 billion yuan ($585 million) in the first six months of 2018, people familiar with the matter said, underscoring the depth of competition facing a company already struggling with unprecedented regulatory scrutiny.

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