Didi Global reported a net loss of approximately $179 million for the fourth quarter of 2024, a significant decline from a profit of about $6.2 million in the same period last year. The company's revenue rose by 7.1% year-over-year to approximately $7.32 billion, as it continues to recover from a $1.2 billion fine imposed by Chinese regulators in July 2022. This quarterly loss poses challenges for Didi as it explores a potential listing in Hong Kong this year. In related news, PDD Holdings reported a revenue of approximately $15.15 billion for the same quarter, reflecting a 24% increase from the previous year, although it fell short of expectations by $860 million. The company's earnings per American Depositary Share were $2.76, beating estimates by $0.04. However, PDD's operating profit increased by 14% to approximately $3.51 billion, amid intensified competition and U.S. tariffs affecting its expansion.