Didi Chuxing’s huge loss, reaching almost 11 billion yuan ($1.6 billion) last year, was mostly because of subsidies given to drivers in spite of its monopoly in the market.
from Latest stories for ZDNet related to AS https://zd.net/2SVVhmE
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» Didi Chuxing to reportedly sack 15 percent of workforce after 2018 huge lossses
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