DiDi—China’s ride-hailing giant which announced on Dec. 3, 2021, that it would begin delisting from the New York Stock Exchange—suffered a loss of 30 billion yuan ($4.7 billion) in the Q3, leading to concerns about its plan to list in Hong Kong this year.
The company announced its Q3 revenue on Dec. 29, 2021, bringing its total losses for the first nine months of the year to $6.6 billion. DiDi’s revenue plummeted as it was banned from registering new users.
