China's Didi Global sinks into Q1 loss after two profitable quarters

China's Didi Global sinks into Q1 loss after two profitable quarters

FILE PHOTO: A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid/File Photo

China’s largest ride-hailing company Didi Global fell to a firstquarter net loss after two consecutive quarters of profit, the company said on Wednesday.