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Dida reverses into revenue contraction, falling profits

The carpooling services provider’s revenue began to decline in the second half of last year, as it cited changing ‘travel consumption trends’

This article only represents the author's own views.

China’s economic slowdown is shaping up as a double-edge sword for budget ride sharing operator Dida Inc. (2559.HK).

On the plus-side, the company is logging strong demand for the cheap carpooling services that are its main revenue source. Dida is also having no difficulty signing up new drivers for its service, many of them probably recently unemployed workers who have lost their jobs as China’s economy slows after three decades of rapid growth.

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咏竹坊(官网链接)提供在香港和美国上市的manbetx3.0 企业相关新闻,重点关注中小企业和筹备上市的公司。

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