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China ride-hailing giant Didi sees losses deepen after crackdown – BBC News

December 31, 2021
Source: acrosoft.co.uk acrosoft.co.uk
News Snapshot:
China ride-hailing giant Didi sees losses deepen after crackdown – BBC News Chinese ride-hailing giant Didi Global has seen its losses deepen after Beijing ordered online stores not to offer the company's app. The firm reported an operating loss of $6.3bn (£4.7bn) for the first nine months of year as revenues in China fell by 5% in the third quarter. The Chinese crackdown came just days after Didi made its New York stock market debut at the end of June. This month, it said it will move its share listing to Hong Kong from the US. In recent months, Didi...
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