The firm
reported an operating loss of $6.3bn (£4.7bn) for the first nine months of the
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 has become one of the most high-profile targets of Beijing's
clampdown on the country's technology industry.
The
restrictions placed on it by authorities in China have hit its share price in
the US hard.
The
company's value on the New York Stock Exchange has fallen by 65% since its
debut less than six months ago.
In its
latest report to investors, the firm also said that its board had authorized it
to pursue a listing of its 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," Didi said.
Didi's
announcement early in December that it planned to leave the US stock market
came on the same day that the US Securities and Exchange Commission said it had
finalized rules that would mean US-listed foreign companies can be delisted if
their auditors do not comply with requests for information from regulators many
business listings.
"Following
careful research, the company will immediately start delisting on the New York
stock exchange and start preparations for listing in Hong Kong," the
company said at the time.
Didi also
said in Thursday's announcement that Daniel Zhang, the chief executive of
Chinese e-commerce giant Alibaba, who had served as a director on its board
since 2018, has resigned from the role business listings.
As well as
coming under intense scrutiny from Chinese regulators, Didi now faces tough
competition in its home market from ride-hailing services launched by carmakers
Greely and SAIC Motor free business listings.
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