Didi in reverse: revenue falls, losses climb as it prepares to delist in US

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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