Automotive Author: Qasim Khan Dec 31, 2021 05:20 PM (GMT+8)

The losses reveal the rising cost of a series of regulatory actions that will force the Chinese ride-sharing leader to shift its listing to Hong Kong next year.

Didi travel

  • Total revenues for the third quarter of 2021 were CNY 42.7 billion.

  • Total revenues from the China Mobility segment for the third quarter of 2021 were CNY 39.0 billion.

  • Total revenues from the International segment for the third quarter of 2021 were CNY 1.0 billion.

  • Total revenues from the Other Initiatives segment for the third quarter of 2021 were CNY 2.7 billion.

  • Net loss attributable to ordinary shareholders for the third quarter of 2021 was CNY 30.6 billion.

  • Adjusted EBITA (Non-GAAP)1 for the third quarter of 2021 was a loss of CNY 7.5 billion. The Adjusted EBITA (non-GAAP) of China Mobility segment was a loss of CNY 29 million in the third quarter of 2021. The Adjusted EBITA loss (non-GAAP) of the International segment were CNY 1.8 billion in the third quarter of 2021. The Adjusted EBITA loss (non-GAAP) of the Other Initiatives segment were CNY 5.7 billion in the third quarter of 2021.

On December 3, 2021, DiDi announced that its board of directors has authorized and supports the Company to undertake the necessary procedures and file the relevant application(s) for the delisting of the Company’s ADSs from the New York Stock Exchange while ensuring that ADSs will be convertible into freely tradable shares of the Company on another internationally recognized stock exchange at the election of ADS holders. The Company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures. The Board has also authorized the Company to pursue a listing of its Class A ordinary shares on the Main Board of the Hong Kong Stock Exchange. The Company is executing the above plans and will update investors in due course.