Didi sinks 8% after first earnings report since delisting announcement · TechNode

Didi sinks 8% after first earnings report since delisting announcement · TechNode

Didi stock fell more than 8% on Wednesday after the Chinese ride-hailing platform reported a third-quarter net loss of RMB 30.4 billion ($4.7 billion), compared with a net income of RMB 665 million during the same quarter last year. Revenue decreased slightly by 1.7% to RMB 42.7 billion from a year ago, revealing the negative impact of a Beijing cybersecurity probe into the company that led to its services disappearing from local app stores. On Dec. 2, Didi announced plans to delist from the US and pursue a listing in Hong Kong. [Didi announcement]



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