Chinese ride-hailing firm Didi is rumored to have lost of billions of yuan in 2018, as the company shifted focus from revenue growth to legal compliance, reports 36Kr (in Chinese).

According to an internal file obtained by 36Kr, the Chinese mobility giant recorded an annual loss of RMB 10.9 billion (roughly $1.48 billion) in 2018. It had also reportedly given to drivers subsidies totaling RMB 11.3 billion for the whole year.

Didi was not immediately available for comment when contacted by TechNode.

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Jill Shen

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric cars. Connect with her via e-mail: jill.shen@technode.com or Twitter: @yushan_shen