On June 5th, Didi, the chinese mobile transportation technology platform, released its Q1 2025 earnings report, showing steady growth in both domestic and international businesses. In Q1 2025, Didi achieved a net profit of CNY 2.4 billion, with an adjusted net profit of CNY 2.9 billion.
The core platform, including both Chinese and international businesses, saw a 13.4% year-on-year growth in total orders, reaching 4.25 billion orders. Of these, the Chinese ride-hailing business saw 3.26 billion orders, up 10.3% year-on-year, while the international business handled 989 million orders, up 24.9% year-on-year. In Q1, Didi's core platform total Gross Transaction Value (GTV) reached CNY 101.6 billion, with the Chinese ride-hailing business contributing CNY 78 billion, a 9.3% increase, and international business contributing CNY 23.6 billion, a 27.9% increase.
Source: Didi Q1 2025 Financial Report
Didi has made significant progress in its international business. Since 2015, Didi has invested in companies such as Lyft in North America, Ola in India, Grab in Southeast Asia, and Bolt (formerly Taxify) in Europe, forming partnerships with these local companies. In 2018, Didi established the International Business Division and acquired Brazil’s largest ride-hailing company, 99.
Thanks to effective investments and efficient operations in markets like Brazil and Mexico, Didi’s international business GTV has maintained a high growth rate of over 25% for several consecutive quarters, with its scale continuously expanding. Currently, Didi’s international business covers 14 countries across Latin America, Asia-Pacific, and Africa, focusing on ride-hailing services while also exploring delivery, financial services, and more.
Additionally, with the recent surge in cross-border travel among domestic users, Didi's app now offers overseas taxi services in over 1,200 cities across nine countries, including South Korea, Singapore, Japan, Malaysia, Indonesia, and Vietnam. To meet the long-distance, multi-trip car hire needs of domestic users, Didi has recently launched its overseas charter services, covering 26 popular cities in 11 countries, including Singapore, Bangkok, Phuket, Seoul, Tokyo, Kuala Lumpur, and Sydney.
Founded in 2013, Didi went public on the New York Stock Exchange on June 30, 2021. It is a mobile transportation technology platform offering a range of services, including ride hailing, taxi hailing, chauffeur and other forms of shared mobility as well as certain energy and vehicle services, food delivery, intra-city freight and financial services in markets across Asia-Pacific and Latin America.