China's Didi Chuxing to take 3.1% of passenger ride fees as profit

BEIJING - Chinese ride-hailing giant Didi Chuxing, which is backed by SoftBank, Alibaba and Tencent, said on Friday that 3.1% of passenger fees for rides will go towards its profit last year.

Drivers can on average get 79.1% of what customers pay for a ride, Didi posted on WeChat. This is the first time it offers details of its income structure from ride-hailing services in 2020.

It added that it would adjust its pricing strategy after receiving driver's advises. Didi also operates other businesses including sharing bikes, grocery and logistics services.

Nine-year-old Didi Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster initial public offering in New York, sources told .

Didi's CEO Cheng Wei said last year the company aimed to complete 100 million orders a day and have 800 million monthly active users globally by 2022.

(Reporting by Yilei Sun and Tony Munroe, editing by Louise Heavens)