Didi posts Q2 loss on lawsuit provision despite revenue growth

BEIJING (Reuters) -Chinese ride-hailing giant Didi Global reported a second-quarter net loss of 2.5 billion yuan ($350 million)on Thursday, despite revenue rising 10.9%.

The loss was largely due to a one-time provision of 5.3 billion yuan for a previously disclosed shareholder class action lawsuit.

Revenue rose to 56.4 billion yuan from 50.9 billion yuan a year earlier.

($1 = 7.1529 Chinese yuan renminbi)

(Reporting by Liam Mo and Brenda Goh; Editing by Toby Chopra)