Didi Global revenue falls, losses climb in third quarter as tech giant prepares to deslist in US amid security probe

//Didi Global revenue falls, losses climb in third quarter as tech giant prepares to deslist in US amid security probe

Didi Global revenue falls, losses climb in third quarter as tech giant prepares to deslist in US amid security probe

Chinese ride-hailing giant Didi Global announced a 30.4 billion yuan (US$4.77 billion) loss in the third quarter and a 1.7 per cent decline in revenue, showing the impact of Beijing’s ongoing cybersecurity review into the company that has reversed its growth from the first half of the year.Revenue for the period ended September was 42.7 billion yuan, down from 43.4 billion yuan in the same period a year earlier, according to Didi’s disclosure on Wednesday. The company had also been profitable…

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By | 2021-12-30T05:00:26+00:00 December 30th, 2021|Technology|Comments Off on Didi Global revenue falls, losses climb in third quarter as tech giant prepares to deslist in US amid security probe