Didi Says App Takedown May Adversely Impact Revenue In China

"The Company expects that the app takedown may have an adverse impact on its revenue in China," the company said in a statement.

China's biggest ride-hailing firm Didi Global Inc said on Sunday removal of its "DiDi Chuxing" app from smartphone app stores in China is expected to have an adverse impact on its revenue in China. Earlier on Sunday, China's cyberspace regulator ordered app stores to stop offering Didi's app after finding that the company had illegally collected users' personal data. "The Company expects that the app takedown may have an adverse impact on its revenue in China," the company said in a statement. In its filing from June, Didi reported revenue of about 42.2 billion yuan ($6.52 billion) for the three months ended March 31. Of that, 39.2 billion yuan came from China mobility division while about 800 million yuan came from international business.