AsianFin -- Chinese ride-hailing leader Didi Global posted a second-quarter net loss of 2.5 billion yuan ($350 million) on Thursday, primarily driven by a one-time legal provision, even as the company’s revenue rose 10.9% year-over-year, supported in part by overseas expansion.

The loss stemmed largely from a 5.3 billion yuan provision related to a previously disclosed shareholder lawsuit. Marketing and other operational expenses also increased during the quarter, reflecting intensifying competition in the domestic market.

Despite maintaining a leading position in China’s ride-hailing sector, Didi faces growing pressure from rivals including Alibaba and Meituan. These competitors have integrated ride-hailing into broader digital platforms, offering users a consolidated “super-app” experience that combines transport with payments, food delivery, and other services.

Smaller regional operators continue to operate under these aggregator models, further fragmenting the market and challenging Didi’s dominance.