Drip Q3 revenue of RMB 42.7 billion, down 11.48% YoY
$DiDi Global (Delisted)(DIDI.US)$ After the U.S. stock market closed, Drip announced unaudited quarterly financial results, with third-quarter revenue of RMB 42.7 billion, down 11.48% sequentially, and a third-quarter net loss of RMB 30.6 billion and an adjusted EBITA loss of US$7.5 billion. The company's core platform transactions in the third quarter were 2.855 billion, with a total transaction volume of 68.7 billion yuan.
In addition, Drip also announced that Zhang Yi, senior legal director of Alibaba and general counsel of Ali Local Life Services, was appointed as a director of Drip's board of directors, and Zhang Yong, chairman and CEO of Alibaba, resigned as a director of Drip's board of directors.
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