Didi revenue falls as China's regulatory crackdown hits business

Daniel Zhang, the chief executive officer of Chinese e-commerce giant Alibaba Group Holding, who had served as a director on Didi's board since 2018 has resigned, the company said. (A screen shows a video featuring Alibaba Group Holding Ltd. Chairman and Chief Executive Officer Daniel Zhang at the company's headquarters in Hangzhou, China, on Wednesday, March 24, 2021. - File pic)

China's ride-hailing firm Didi Global on Wednesday reported a 1.7% decline in third-quarter revenue, as its domestic business took a hit from a regulatory crackdown.

Daniel Zhang, the chief executive officer of Chinese e-commerce giant Alibaba Group Holding, who had served as a director on Didi's board since 2018 has resigned, the company said.