Share-based compensation (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Sharebased compensation |
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| Schedule of groups share based compensation |
| | | | | | | | | For the Year Ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | | | | | | | | Operations and support | | 109,962 | | 110,822 | | 78,794 | Sales and marketing | | 159,830 | | 180,967 | | 169,458 | Research and development | | 922,066 | | 789,094 | | 813,759 | General and administrative | | 1,397,735 | | 1,171,855 | | 901,495 | Total share-based compensation expenses | | 2,589,593 | | 2,252,738 | | 1,963,506 |
DiDi’s Share-based awards
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| Schedule of activities of the share options |
| | | | | | | | | | | | | | | Weighted | | | | | | | Weighted | | Average | | Weighted | | | | | Average | | Remaining | | Average | | | Number of | | Exercise | | Contractual | | Grant Date | | | Options | | Price | | Life | | Fair Value | | | | | US$ | | In Years | | US$ | Outstanding as of January 1, 2023 | | 63,733,455 | | 3.94 | | 6.39 | | 24.62 | Granted | | 10,402,129 | | 0.0001823 | | | | 14.78 | Modification | | (1,478,068) | | 0.0001823 | | | | 12.90 | Exercise of share options | | (717,256) | | 0.21 | | | | 30.55 | Forfeited/cancelled | | (4,382,666) | | 0.07 | | | | 26.03 | Outstanding as of December 31, 2023 | | 67,557,594 | | 2.61 | | 5.90 | | 22.72 | Granted | | 17,151,866 | | 0.0001823 | | | | 16.46 | Exercise of share options | | (1,379,548) | | 1.04 | | | | 18.27 | Forfeited/cancelled | | (6,201,234) | | 0.00 | | | | 19.15 | Outstanding as of December 31, 2024 | | 77,128,678 | | 2.26 | | 5.75 | | 20.04 | Granted | | 14,591,015 | | 0.0001823 | | | | 20.26 | Exercise of share options | | (1,504,062) | | 1.37 | | | | 19.63 | Forfeited/cancelled | | (4,088,911) | | 0.00 | | | | 20.76 | Outstanding as of December 31, 2025 | | 86,126,720 | | 2.00 | | 6.30 | | 20.08 | Exercisable as of December 31, 2025 | | 55,900,126 | | 3.09 | | 5.12 | | 21.37 | Vested and Expected to Vest as of December 31, 2025 | | 80,609,681 | | 2.14 | | 6.13 | | 20.17 |
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| Schedule of assumptions used in determining the fair value of options |
| | | | | | | | | For the Year Ended December 31, | | | 2023 | | 2024 | | 2025 | Fair value of ordinary shares (US$) | | 12.00-15.20 | | 15.80-18.76 | | 18.28-26.00 | Expected volatility | | 41.36%-41.70% | | 50.87%-52.13% | | 50.10%-50.90% | Risk‑free interest rate (per annum) | | 3.48%-4.59% | | 3.73%-4.48% | | 4.03%-4.58% | Expected dividend yield | | 0% | | 0% | | 0% | Expected term (in years) | | 10 | | 10 | | 10 |
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| Schedule of activities of restricted shares and RSUs |
| | | | | | | | | | | | | Weighted | | | | | Weighted | | Average | | | | | Average | | Remaining | | | Number of | | Grant Date | | Contractual | | | Shares | | Fair Value | | Life | | | | | US$ | | In Years | Unvested at January 1, 2023 | | 14,597,666 | | 40.97 | | 7.47 | Granted | | 899,005 | | 13.51 | | | Vested | | (6,079,090) | | 39.30 | | | Forfeited/cancelled | | (957,307) | | 33.70 | | | Unvested at December 31, 2023 | | 8,460,274 | | 41.42 | | 7.14 | Granted | | 647,941 | | 16.38 | | | Vested | | (4,918,922) | | 41.65 | | | Forfeited/cancelled | | (409,680) | | 26.99 | | | Unvested at December 31, 2024 | | 3,779,613 | | 35.78 | | 6.80 | Granted | | 1,446,216 | | 19.90 | | | Vested | | (2,655,580) | | 40.08 | | | Forfeited/cancelled | | (256,346) | | 17.24 | | | Unvested at December 31, 2025 | | 2,313,903 | | 22.97 | | 8.26 | Expected to vest at December 31, 2025 | | 1,904,094 | | 23.15 | | 8.16 |
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