China’s Didi reportedly lost a staggering $1.6 billion in 2018

China’s largest car-hailing company is facing relentless pressure from all fronts. Beijing-based Didi Chuxingreportedly lost a staggering 10.9 billion yuan ($1.6 billion) in 2018, according to financial data that Chinese news site 36Kr obtained.
For some context, Uberposted a net loss of $939 million on a pro forma basis and an EBITA loss at $527 million during Q3 2018.
Didi has not responded to TechCrunch’s inquiry about its losses, but an internal letter&nb