The headquarters of DiDi in Beijing Photo:VCG

Chinese online car-hailing platform Didi Chuxing on Thursday released its unaudited quarterly financial results, which showed 30.6 billion yuan ($4.7 billion) of net loss in the third quarter of 2021. 

The company also mentioned in the report that it's undertaking procedures to delist from the New York Stock Exchange (NYSE). Didi had announced early this month that it was preparing its listing on the Hong Kong Exchange. 

Didi's total revenue in the third quarter of 2021 was 42.7 billion yuan, which decreased by 11.48 percent compared to 48.2 billion yuan in the previous quarter. 

Didi has been the focus of China's regulation campaign targeting domestic tech firms having IPO overseas. Chinese regulators ordered the company to withdraw from the NYSE to avoid leaking users' private data.

Didi on Thursday also announced board changes. Zhang Yi, current senior legal director of Alibaba Group, has been appointed as a director to the board of directors of the company and Zhang Yong, also known as Daniel Zhang, the former CEO of Alibaba Group, has resigned from the board.

Global Times