Wednesday, May 29, 2024

Didi reports Q1 revenue up 15% YoY to ~$6.8B and a ~$190M net loss, in part due to higher sales and marketing costs, as well as higher driver fees (Bloomberg)

Bloomberg:
Didi reports Q1 revenue up 15% YoY to ~$6.8B and a ~$190M net loss, in part due to higher sales and marketing costs, as well as higher driver fees  —  - Sales at Chinese ride-hailing firm jumped 15% on demand surge  — Didi seeks to rebuild operations prior to next IPO push



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An interview with White House OSTP Director Michael Kratsios, a Peter Thiel protégé confirmed by the Senate on March 25, on US plans to counter Beijing on AI (Amrith Ramkumar/Wall Street Journal)

Amrith Ramkumar / Wall Street Journal : An interview with White House OSTP Director Michael Kratsios, a Peter Thiel protégé confirmed by ...