China's Clamping Down Affects Didi's Revenue; Reports US$4.7 Billion Loss

Didi's revenue for July to September dropped 1.7% due to its core mobility business being restricted


Teckwai Saw

31 Dec, 2021

China's Clamping Down Affects Didi's Revenue; Reports US$4.7 Billion Loss | BEAMSTART News

- From our Sponsors -

Didi Global reported a US$4.7 billion loss; after revenue for the September quarter dropped 1.7% compared to the previous quarter.

Revenue at Didi was US$6.6 billion for the quarter which ends 30th September, has seen a decline from US$7.6 billion in the second quarter.

This is due to the implications of the ongoing crackdown by Chinese regulators which force the China's leading ride-hailing platform to suffer a decline on its mobility business.

Latest Jobs

Engineer

Arini

California,

Full Time

USD 100000 — USD 180000 yearly

Solutions Architect

Ekho

New York,

Full Time

USD 120000 — USD 190000 yearly

Software Engineer - Rails

Infield

Full Time

USD 90000 — USD 140000 yearly

Senior Data Scientist

Serif Health

Full Time

USD 150000 — USD 175000 yearly

Senior Software Engineer

imgix

Full Time

USD 140000 — USD 200000 yearly

Quality Engineer

arketa

New York,

Full Time

USD 75000 — USD 120000 yearly

Software Engineer (Remote)

Epsilon3

Full Time

USD 120000 — USD 175000 yearly

At the end of June 2021, Didi went public, raising a total of US$4.4 billion, making it one of the largest initial public offerings by a Chinese technology company.

However, less than six months after going public, the US$39 billion company mentioned that it would delist its shares from the New York Stock Exchange.

The Chinese regulatory crackdown has forced many of Didi's apps to be removed from domestic app stores.

- Featured Sponsor -

Moreover, probes were launched on Didi for allegedly violating data privacy and national security laws.

With the series of clamping down taking a toll on Didi, Didi board gave a green light yesterday for the company to pursue a listing on the Hong Kong Stock Exchange next year.

Earlier this month, Uber announced that the company was looking to sell Didi stakes due to the difficult transparency environment Didi is in.

- From our Sponsors -

Latest Jobs

Forward Deployed Engineer

Vapi

California,

Full Time

USD 150000 — USD 300000 yearly

VP of Engineering

Activeloop

California,

Full Time

USD 200000 — USD 300000 yearly

Senior Software Engineer (Infra)

Numeral

Full Time

USD 200000 — USD 300000 yearly

Senior Software Engineer, Backend

Numero

Full Time

USD 150000 — USD 190000 yearly

DevOps Engineer

Centaur Labs

Massachusetts,

Full Time

USD 90000 — USD 125000 yearly

Senior Software Engineer

imgix

Full Time

USD 140000 — USD 200000 yearly

Backend Product Engineer (Golang)

Invopop

Community of Madrid,

Full Time

USD 35000 — USD 75000 yearly

DevOps/QA Engineer

Santé

New York,

Full Time

USD 90000 — USD 120000 yearly

Finance & Internal Ops Lead

Glimpse

New York,

Full Time

USD 140000 — USD 220000 yearly

Head of Accounting

SafetyWing

Full Time

USD 90000 — USD 144000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).