Didi quarterly revenue falls after regulatory crackdown hits business

📆 12/30/2021 1:18 AM
📰 ChannelNewsAsia

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

:China's ride-hailing firm Didi Global on Wednesday reported a 1.7per cent decline in third-quarter revenue as its Chinese mobility business took a hit from regulatory crackdown.After the company's listing on the New York Stock Exchange in June, Chinese authorities came down hard on Didi asking it to take dow

:China's ride-hailing firm Didi Global on Wednesday reported a 1.7per cent decline in third-quarter revenue as its Chinese mobility business took a hit from regulatory crackdown.

After the company's listing on the New York Stock Exchange in June, Chinese authorities came down hard on Didi asking it to take down its app from mobile app stores in China as the Cyberspace Administration of China was investigating its handling of customer data. Revenue for the third quarter ended Sept. 30 fell to 42.7 billion yuan from 43.4 billion yuan a year earlier.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US reality TV star Paris Hilton launches metaverse business on RobloxParis Hilton commands as much as US$1 million a night working as a celebrity DJ, entertaining partiers at clubs in China, Dubai and on the Spanish vacation island of Ibiza. This New Year’s Eve, she will be playing an electronic set for the revelers who drop by a venue of a different sort - her virtual i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »