DiDi Global Inc. (Form: 6-K, Received: 12/29/2021 16:56:32)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2021

Commission File Number: 001-40541

DiDi Global Inc.

No. 1 Block B, Shangdong Digital Valley

No. 8 Dongbeiwang West Road

Haidian District, Beijing

People’s Republic of China
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Exhibit Index

Exhibit 99.1—Press Release - DiDi Global Announces Unaudited Quarterly Financial Results

Exhibit 99.2—Press Release - DiDi Announces Board Change

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DiDi Global Inc.

By	:	/s/ Will Wei Cheng
Name	:	Will Wei Cheng
Title	:	Chairman of the Board of Directors and Chief Executive Officer

Date: December 29, 2021

Exhibit 99.1

DiDi Global Announces Unaudited Quarterly Financial Results

Beijing, December 30, 2021 - DiDi Global Inc. (“DiDi” or the “Company”) (NYSE: DIDI), the world’s leading mobility technology platform, today announced its unaudited interim condensed financial results for the second quarter ended June 30, 2021 and the third quarter ended September 30, 2021.

DiDi Global Inc.

Unaudited interim condensed consolidated balance sheets

(Amounts in millions, except for per share data and otherwise noted, unaudited)

	As of
	December 31,		June 30,		September 30,
	2020		2021		2021		2021
	RMB		RMB		RMB		US$ ⁽¹⁾
ASSETS
Current assets:
Cash and cash equivalents		19,372		26,096		48,649		7,550
Restricted cash		2,238		169		671		104
Short-term investments		37,398		15,169		12,554		1,948
Accounts and notes receivable, net of allowance for credit losses of RMB556, RMB645 and RMB722, respectively		2,438		3,376		3,008		467
Loan receivable, net of allowance for credit losses of RMB146, RMB230 and RMB296, respectively		2,878		4,609		4,697		729
Amounts due from related parties		103		2,368		2,449		380
Prepayments, receivables and other current assets, net		4,255		4,267		5,007		778
Total current assets		68,682		56,054		77,035		11,956
Non-current assets:
Investment securities		573		17,184		2,251		349
Long-term investments, net		7,105		11,238		9,020		1,400
Operating lease right-of-use assets		1,931		1,260		1,301		202
Property and equipment, net		9,819		10,803		8,461		1,313
Intangible assets, net		5,297		4,334		3,860		599
Goodwill		49,124		49,199		48,962		7,599
Non-current restricted cash		21		15		-		-
Deferred tax assets, net		191		163		195		30
Other non-current assets, net		4,522		5,022		4,746		737
Total non-current assets		78,583		99,218		78,796		12,229
Total assets		147,265		155,272		155,831		24,185
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Short-term borrowings		5,827		7,259		7,422		1,152
Accounts and notes payable		7,353		4,589		4,819		748
Deferred revenue and customer advances		915		780		711		110
Operating lease liabilities, current portion		679		453		471		73
Amounts due to related parties		282		242		356		55
Accrued expenses and other current liabilities		11,304		11,241		12,774		1,983
Total current liabilities		26,360		24,564		26,553		4,121
Non-current liabilities:
Long-term borrowings		1,453		2,383		1,967		305
Operating lease liabilities, non-current portion		1,172		741		734		114
Deferred tax liabilities		844		627		581		90
Other non-current liabilities		286		304		281		44
Total non-current liabilities		3,755		4,055		3,563		553
Total liabilities		30,115		28,619		30,116		4,674
Commitments and contingencies
Mezzanine equity
Convertible preferred shares ⁽²⁾		189,839		189,839		-		-
Convertible redeemable non-controlling interests		3,345		11,836		12,052		1,870
Convertible non-controlling interests		100		1,069		1,069		166
Total Mezzanine Equity		193,284		202,744		13,121		2,036

DiDi Global Inc.

Unaudited interim condensed consolidated balance sheets

(Amounts in millions, except for per share data and otherwise noted, unaudited)

	As of
	December 31,			June 30,			September 30,
	2020			2021			2021			2021
	RMB			RMB			RMB			US$ ⁽¹⁾
SHAREHOLDERS’ EQUITY (DEFICIT):
DiDi Global Inc. shareholders’ equity (deficit):
Ordinary shares (US$0.00002 par value; 1,617,583,821 shares, 1,617,583,821 shares and 5,000,000,000 shares authorized; 124,067,444 shares, 193,302,859 shares and 1,205,810,369 shares issued; 108,531,508 shares, 168,885,317 shares and 1,181,921,441 shares outstanding as of December 31, 2020, June 30, 2021 and September 30,2021, respectively)		-			-			-			-
Treasury shares		-			-			-			-
Additional paid-in capital		12,178			31,705			250,535			38,882
Statutory reserves		17			17			17			3
Accumulated other comprehensive loss		(2,002	)		(2,698	)		(2,448	)		(380	)
Accumulated deficit		(86,411	)		(105,198	)		(135,578	)		(21,041	)
Total DiDi Global Inc. shareholders’ equity (deficit)		(76,218	)		(76,174	)		112,526			17,464
Non-controlling interests		84			83			68			11
Total shareholders’ equity (deficit)		(76,134	)		(76,091	)		112,594			17,475
Total liabilities, mezzanine equity and shareholders’ equity (deficit)		147,265			155,272			155,831			24,185

(1) This results announcement contains translations of certain Renminbi (“RMB”) amounts into U.S. dollars (“US$”) for the convenience of the reader. Unless otherwise stated, all translations of RMB into US$ were made at RMB6.4434 to US$1.00, the exchange rate on September 30, 2021 as set forth in the H.10 statistical release of the Federal Reserve Board.

(2) The convertible preferred shares were converted to ordinary shares immediately prior to the closing of the Company’s initial public offering in early July.

DiDi Global Inc.

Unaudited interim condensed consolidated statements of comprehensive income (loss)

(Amounts in millions, except for per share data and otherwise noted, unaudited)

	For the Three Months Ended June 30,						For the Six Months Ended June 30,						For the Three Months Ended September 30,									For the Nine Months Ended September 30,
	2020			2021			2020			2021			2020			2021			2021			2020			2021			2021
	RMB			RMB			RMB			RMB			RMB			RMB			US$			RMB			RMB			US$
Revenues
China Mobility		29,433			44,804			48,378			84,039			41,111			39,009			6,054			89,489			123,048			19,097
International		373			807			1,140			1,611			502			966			150			1,642			2,577			400
Other Initiatives		1,361			2,601			2,121			4,725			1,785			2,700			419			3,906			7,425			1,152
Total revenues		31,167			48,212			51,639			90,375			43,398			42,675			6,623			95,037			133,050			20,649
Costs and expenses
Cost of revenues ⁽¹⁾		(26,627	)		(42,561	)		(43,981	)		(80,158	)		(37,323	)		(40,784	)		(6,330	)		(81,304	)		(120,942	)		(18,770	)
Operations and support		(926	)		(1,758	)		(1,823	)		(3,907	)		(1,219	)		(1,910	)		(296	)		(3,042	)		(5,817	)		(903	)
Sales and marketing		(1,498	)		(3,904	)		(3,267	)		(9,011	)		(2,654	)		(4,441	)		(689	)		(5,921	)		(13,452	)		(2,088	)
Research and development		(1,435	)		(2,746	)		(2,913	)		(4,608	)		(1,568	)		(2,341	)		(363	)		(4,481	)		(6,949	)		(1,078	)
General and administrative		(1,485	)		(21,847	)		(3,781	)		(23,949	)		(1,732	)		(2,253	)		(350	)		(5,513	)		(26,202	)		(4,066	)
Total costs and expenses		(31,971	)		(72,816	)		(55,765	)		(121,633	)		(44,496	)		(51,729	)		(8,028	)		(100,261	)		(173,362	)		(26,905	)
Loss from operations ⁽²⁾		(804	)		(24,604	)		(4,126	)		(31,258	)		(1,098	)		(9,054	)		(1,405	)		(5,224	)		(40,312	)		(6,256	)
Interest income		298			190			635			377			309			202			31			944			579			90
Interest expenses		(20	)		(86	)		(39	)		(147	)		(46	)		(65	)		(10	)		(85	)		(212	)		(33	)
Investment income (loss), net ⁽³⁾		561			(100	)		99			12,261			830			(20,772	)		(3,224	)		929			(8,511	)		(1,321	)
Income (loss) from equity method investments, net		(162	)		(130	)		(357	)		(175	)		(151	)		115			18			(508	)		(60	)		(9	)
Other income (loss), net		11			532			(479	)		148			780			(689	)		(107	)		301			(541	)		(84	)
Income (loss) before income taxes		(116	)		(24,198	)		(4,267	)		(18,794	)		624			(30,263	)		(4,697	)		(3,643	)		(49,057	)		(7,613	)
Income tax benefits (expenses)		46			(73	)		225			6			41			(112	)		(17	)		266			(106	)		(16	)
Net income (loss)		(70	)		(24,271	)		(4,042	)		(18,788	)		665			(30,375	)		(4,714	)		(3,377	)		(49,163	)		(7,629	)
Less: Net income (loss) attributable to non-controlling interest shareholders		(7	)		1			(17	)		(1	)		(7	)		5			1			(24	)		4			1
Net income (loss) attributable to DiDi Global Inc.		(63	)		(24,272	)		(4,025	)		(18,787	)		672			(30,380	)		(4,715	)		(3,353	)		(49,167	)		(7,630	)
Accretion of convertible redeemable non-controlling interests to redemption value		(41	)		(175	)		(60	)		(265	)		(45	)		(216	)		(34	)		(105	)		(481	)		(75	)
Deemed dividends to preferred shareholders upon repurchases of convertible preferred shares		(1	)		-			(1	)		-			-			-			-			(1	)		-			-
Income allocation to participating preferred shares		-			-			-			-			(627	)		-			-			-			-			-
Net loss attributable to ordinary shareholders of DiDi Global Inc.		(105	)		(24,447	)		(4,086	)		(19,052	)		-			(30,596	)		(4,749	)		(3,459	)		(49,648	)		(7,705	)
Net income (loss)		(70	)		(24,271	)		(4,042	)		(18,788	)		665			(30,375	)		(4,714	)		(3,377	)		(49,163	)		(7,629	)

DiDi Global Inc.

Unaudited interim condensed consolidated statements of comprehensive income (loss)

(Amounts in millions, except for per share data and otherwise noted, unaudited)

	For the Three Months Ended June 30,						For the Six Months Ended June 30,						For the Three Months Ended September 30,									For the Nine Months Ended September 30,
	2020			2021			2020			2021			2020			2021			2021			2020			2021			2021
	RMB			RMB			RMB			RMB			RMB			RMB			US$			RMB			RMB			US$
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of nil		(104	)		(1,117	)		(267	)		(691	)		(2,863	)		250			39			(3,130	)		(441	)		(68	)
Share of other comprehensive loss of equity method investees		-			(2	)		(1	)		(5	)		-			-			-			(1	)		(5	)		(1	)
Total other comprehensive income (loss)		(104	)		(1,119	)		(268	)		(696	)		(2,863	)		250			39			(3,131	)		(446	)		(69	)
Total comprehensive loss		(174	)		(25,390	)		(4,310	)		(19,484	)		(2,198	)		(30,125	)		(4,675	)		(6,508	)		(49,609	)		(7,698	)
Less: comprehensive income (loss) attributable to non-controlling interest shareholders		(7	)		1			(17	)		(1	)		(7	)		5			1			(24	)		4			1
Comprehensive loss attributable to DiDi Global Inc.		(167	)		(25,391	)		(4,293	)		(19,483	)		(2,191	)		(30,130	)		(4,676	)		(6,484	)		(49,613	)		(7,699	)
Accretion of convertible redeemable non-controlling interests to redemption value		(41	)		(175	)		(60	)		(265	)		(45	)		(216	)		(34	)		(105	)		(481	)		(75	)
Deemed dividends to preferred shareholders upon repurchases of convertible preferred shares		(1	)		-			(1	)		-			-			-			-			(1	)		-			-
Income allocation to participating preferred shares		-			-			-			-			(627	)		-			-			-			-			-
Comprehensive loss attributable to ordinary shareholders of DiDi Global Inc.		(209	)		(25,566	)		(4,354	)		(19,748	)		(2,863	)		(30,346	)		(4,710	)		(6,590	)		(50,094	)		(7,774	)
Weighted average number of ordinary shares used in computing net loss per share
—Basic		107,619,131			120,225,151			105,218,085			114,671,250			107,980,508			1,180,836,142			1,180,836,142			106,145,614			473,964,914			473,964,914
—Diluted		107,619,131			120,225,151			105,218,085			114,671,250			107,980,508			1,180,836,142			1,180,836,142			106,145,614			473,964,914			473,964,914
Net loss per share attributable to ordinary shareholders
—Basic		(0.97	)		(203.34	)		(38.84	)		(166.14	)		-			(25.91	)		(4.02	)		(32.59	)		(104.75	)		(16.26	)
—Diluted		(0.97	)		(203.34	)		(38.84	)		(166.14	)		-			(25.91	)		(4.02	)		(32.59	)		(104.75	)		(16.26	)
Weighted average number of ADSs used in computing net loss per ADS
—Basic		430,476,524			480,900,604			420,872,340			458,685,000			431,922,032			4,723,344,568			4,723,344,568			424,582,456			1,895,859,656			1,895,859,656
—Diluted		430,476,524			480,900,604			420,872,340			458,685,000			431,922,032			4,723,344,568			4,723,344,568			424,582,456			1,895,859,656			1,895,859,656
Net loss per ADS attributable to ordinary shareholders
—Basic		(0.24	)		(50.84	)		(9.71	)		(41.54	)		-			(6.48	)		(1.01	)		(8.15	)		(26.19	)		(4.06	)
—Diluted		(0.24	)		(50.84	)		(9.71	)		(41.54	)		-			(6.48	)		(1.01	)		(8.15	)		(26.19	)		(4.06	)

(1)

For the three months ended September 30, 2021, cost of revenues included an asset impairment charge of RMB2.2 billion (US$0.3 billion) for certain assets of the Company's bike and e-bike sharing business, which was mainly caused by the adverse change in such business in the third quarter of 2021.

DiDi Global Inc.

Unaudited interim condensed consolidated statements of cash flows

(Amounts in millions, unaudited)

(2) Included share-based compensation expenses as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,				For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2020		2021		2020		2021		2020		2021		2021		2020		2021		2021
		RMB		RMB		RMB		RMB		RMB		RMB		US$		RMB		RMB		US$
Operations and support		13		59		45		103		14		54		8		59		157		24
Sales and marketing		35		105		104		155		51		85		13		155		240		37
Research and development		143		1,181		450		1,377		162		501		78		612		1,878		291
General and administrative		344		20,476		1,599		20,883		359		484		75		1,958		21,367		3,316

(3)

Investment loss, net for the three months ended September 30, 2021 was RMB20.8 billion (US$3.2 billion), primarily attributable to the investment loss arising from changes in fair value of the Company’s investments in Chengxin (a company engaged in community group buying business) due to the adverse change in Chengxin’s business in the third quarter of 2021.

DiDi Global Inc.

Unaudited interim condensed consolidated statements of cash flows

(Amounts in millions, unaudited)

	For the Three Months Ended June 30,						For the Six Months Ended June 30,						For the Three Months Ended September 30,									For the Nine Months Ended September 30,
	2020			2021			2020			2021			2020			2021			2021			2020			2021			2021
	RMB			RMB			RMB			RMB			RMB			RMB			US$			RMB			RMB			US$
Net cash provided by (used in) operating activities		1,686			(1,189	)		(1,297	)		(7,327	)		2,993			(5,055	)		(785	)		1,696			(12,382	)		(1,922	)
Net cash provided by (used in) investing activities		(9,961	)		5,364			(5,732	)		3,350			465			306			47			(5,267	)		3,656			567
Net cash provided by (used in) financing activities		1,289			(1,750	)		4,298			8,531			2,355			27,739			4,305			6,653			36,270			5,629
Effect of exchange rate changes on cash, cash equivalents and restricted cash		241			(136	)		(232	)		95			(27	)		50			9			(259	)		145			23
Net increase (decrease) in cash, cash equivalents and restricted cash		(6,745	)		2,289			(2,963	)		4,649			5,786			23,040			3,576			2,823			27,689			4,297
Cash, cash equivalents and restricted cash at the beginning of the period		17,462			23,991			13,680			21,631			10,717			26,280			4,078			13,680			21,631			3,357
Cash, cash equivalents and restricted cash at the end of the period		10,717			26,280			10,717			26,280			16,503			49,320			7,654			16,503			49,320			7,654

Selected financial information of segments

The following table presents information about revenues and Adjusted EBITA by segment, and a reconciliation from the segment Adjusted EBITA to total consolidated loss from operations for the periods presented:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,						For the Three Months Ended September 30									For the Nine Months Ended September 30
	2020			2021			2020			2021			2020			2021			2021			2020			2021			2021
	RMB			RMB			RMB			RMB			RMB			RMB			US$			RMB			RMB			US$
Revenues:	(Amounts in millions, unaudited)
China Mobility		29,433			44,804			48,378			84,039			41,111			39,009			6,054			89,489			123,048			19,097
International		373			807			1,140			1,611			502			966			150			1,642			2,577			400
Other Initiatives		1,361			2,601			2,121			4,725			1,785			2,700			419			3,906			7,425			1,152
Total segment revenues		31,167			48,212			51,639			90,375			43,398			42,675			6,623			95,037			133,050			20,649

Adjusted EBITA:
China Mobility		1,733			1,686			2,349			5,304			2,120			(29	)		(5	)		4,469			5,275			819
International		(590	)		(1,191	)		(1,261	)		(2,196	)		(763	)		(1,789	)		(278	)		(2,024	)		(3,985	)		(618	)
Other Initiatives		(916	)		(2,801	)		(2,012	)		(10,879	)		(1,374	)		(5,678	)		(881	)		(3,386	)		(16,557	)		(2,570	)
Total Adjusted EBITA (non-GAAP)		227			(2,306	)		(924	)		(7,771	)		(17	)		(7,496	)		(1,164	)		(941	)		(15,267	)		(2,369	)
Share-based compensation		(535	)		(21,821	)		(2,198	)		(22,518	)		(586	)		(1,124	)		(174	)		(2,784	)		(23,642	)		(3,668	)
Amortization of intangible assets		(496	)		(477	)		(1,004	)		(969	)		(495	)		(434	)		(67	)		(1,499	)		(1,403	)		(219	)
Total consolidated loss from operations		(804	)		(24,604	)		(4,126	)		(31,258	)		(1,098	)		(9,054	)		(1,405	)		(5,224	)		(40,312	)		(6,256	)

The following table presents the total depreciation expenses of property and equipment by segment for the periods presented:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,				For the Three Months Ended September 30						For the Nine Months Ended September 30
	2020		2021		2020		2021		2020		2021		2021		2020		2021		2021
	RMB		RMB		RMB		RMB		RMB		RMB		US$		RMB		RMB		US$
	(Amounts in millions, unaudited)
China Mobility		66		72		133		151		62		71		11		195		222		34
International		14		28		28		52		15		30		5		43		82		13
Other Initiatives		646		976		1,180		1,941		790		1,099		172		1,970		3,040		472
Total depreciation expenses of property and equipment		726		1,076		1,341		2,144		867		1,200		188		2,208		3,344		519

DiDi Global Inc.

Unaudited reconciliation of GAAP and Non-GAAP results

(Amounts in millions, unaudited)

	For the Three Months Ended June 30,				For the Six Months Ended June 30,				For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2020		2021		2020		2021		2020		2021		2021		2020		2021		2021
	RMB		RMB		RMB		RMB		RMB		RMB		US$		RMB		RMB		US$
Net income (loss)	(70	)	(24,271	)	(4,042	)	(18,788	)	665		(30,375	)	(4,714	)	(3,377	)	(49,163	)	(7,629	)
Less: Interest income	(298	)	(190	)	(635	)	(377	)	(309	)	(202	)	(31	)	(944	)	(579	)	(90	)
Add: Interest expenses	20		86		39		147		46		65		10		85		212		33
Less: Investment income (loss), net	(561	)	100		(99	)	(12,261	)	(830	)	20,772		3,224		(929	)	8,511		1,321
Add: Loss (income) from equity method investments, net	162		130		357		175		151		(115	)	(18	)	508		60		9
Less: Other income (loss), net	(11	)	(532	)	479		(148	)	(780	)	689		107		(301	)	541		84
Less: Income tax benefits (expenses)	(46	)	73		(225	)	(6	)	(41	)	112		17		(266	)	106		16
Loss from operations	(804	)	(24,604	)	(4,126	)	(31,258	)	(1,098	)	(9,054	)	(1,405	)	(5,224	)	(40,312	)	(6,256	)
Add: Share-based compensation expenses	535		21,821		2,198		22,518		586		1,124		174		2,784		23,642		3,668
Add: Amortization of intangible assets	496		477		1,004		969		495		434		67		1,499		1,403		219
Adjusted EBITA (non-GAAP)	227		(2,306	)	(924	)	(7,771	)	(17	)	(7,496	)	(1,164	)	(941	)	(15,267	)	(2,369	)

Third Quarter 2021 Financial and Operational Metrics

Total revenues for the third quarter of 2021 were RMB42.7 billion (US$6.6 billion). Total revenues from the China Mobility segment for the third quarter of 2021 were RMB39.0 billion (US$6.1 billion). Total revenues from the International segment for the third quarter of 2021 were RMB1.0 billion (US$0.1 billion). Total revenues from the Other Initiatives segment for the third quarter of 2021 were RMB2.7 billion (US$0.4 billion).

Net loss attributable to ordinary shareholders for the third quarter of 2021 was RMB30.6 billion (US$4.7 billion).

Adjusted EBITA (Non-GAAP)¹ for the third quarter of 2021 was a loss of RMB7.5 billion (US$1.2 billion). The Adjusted EBITA (non-GAAP) of China Mobility segment was a loss of RMB29 million (US$5 million) in the third quarter of 2021. The Adjusted EBITA loss (non-GAAP) of the International segment were RMB1.8 billion (US$0.3 billion) in the third quarter of 2021. The Adjusted EBITA loss (non-GAAP) of the Other Initiatives segment were RMB5.7 billion (US$0.9 billion) in the third quarter of 2021.

Core Platform Transactions for the third quarter of 2021 were 2,855 million. Transactions of China Mobility segment for the third quarter of 2021 were 2,356 million. Transactions from the International segment for the third quarter of 2021 were 499 million.

Core Platform Gross Transaction Value (“GTV”)² for the third quarter of 2021 reached RMB68.7 billion (US$10.7 billion). GTV from the China Mobility segment for the third quarter of 2021 reached RMB58.4 billion (US$9.1 billion). GTV from the International segment for the third quarter of 2021 reached RMB10.3 billion (US$1.6 billion).

Platform Sales³ from China Mobility and International segments for the third quarter of 2021 were RMB9.7 billion (US$1.5 billion). Platform Sales from the China Mobility segment for the third quarter of 2021 reached RMB8.9 billion (US$1.4 billion). Platform Sales from the International segment for the third quarter of 2021 reached RMB0.8 billion (US$0.1 billion).

Second Quarter 2021 Financial and Operational Metrics

Total revenues for the second quarter of 2021 were RMB48.2 billion. Total revenues from the China Mobility segment for the second quarter of 2021 were RMB44.8 billion. Total revenues from the International segment for the second quarter of 2021 were RMB0.8 billion. Total revenues from the Other Initiatives segment for the second quarter of 2021 were RMB2.6 billion.

Net loss attributable to ordinary shareholders for the second quarter of 2021 was RMB24.4 billion.

Adjusted EBITA (Non-GAAP) for the second quarter of 2021 was a loss of RMB2.3 billion.

¹ Adjusted EBITA (non-GAAP) is defined as net income or loss before (i) interest income, (ii) interest expenses, (iii) investment income (loss), net, (iv) impairment loss for equity investments accounted for using cost method/Measurement Alternative, (v) loss (income) from equity method investments, net, (vi) other income (loss), net, (vii) income tax benefits (expenses), (viii) share-based compensation expense, and (ix) amortization of intangible assets.

² GTV, which stands for gross transaction value, refers to the total dollar value, including any applicable taxes, tolls and fees, of completed transactions on the Company’s platform without any adjustment for consumer incentives or for earnings and incentives paid to drivers for mobility services, merchant or delivery partners for food delivery services, or service partners for other initiatives.

³ Platform Sales refers to GTV less all of the earnings and incentives paid to drivers and partners, tolls, fees, taxes and others.

Core Platform Transactions for the second quarter of 2021 were 3,004 million. Transactions from the China Mobility segment for the second quarter of 2021 were 2,570 million. Transactions from the International segment for the second quarter of 2021 were 434 million.

Core Platform Gross Transaction Value (“GTV”) for the second quarter of 2021 reached RMB73.3 billion. GTV from the China Mobility segment for the second quarter of 2021 reached RMB64.6 billion. GTV from the International segment for the second quarter of 2021 reached RMB8.7 billion.

Platform Sales from China Mobility and International segments for the second quarter of 2021 reached RMB11.5 billion. Platform Sales from the China Mobility segment for the second quarter of 2021 reached RMB10.7 billion. Platform Sales from the International segment for the second quarter of 2021 reached RMB0.8 billion.

On December 3, 2021, DiDi announced that its board of directors (the “Board”) has authorized and supports the Company to undertake the necessary procedures and file the relevant application(s) for the delisting of the Company’s ADSs from the New York Stock Exchange, while ensuring that ADSs will be convertible into freely tradable shares of the Company on another internationally recognized stock exchange at the election of ADS holders. The Company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures. The Board has also authorized the Company to pursue a listing of its class A ordinary shares on the Main Board of the Hong Kong Stock Exchange. The Company is executing above plans and will update investors in due course.

About DiDi Global Inc.

DiDi Global Inc. (NYSE: DIDI) is the world’s leading mobility technology platform. It offers a wide range of app-based services across Asia Pacific, Latin America and Africa, as well as in Central Asia and Russia, including ride hailing, taxi hailing, chauffeur, hitch and other forms of shared mobility as well as auto solutions, food delivery, intra-city freight and financial services.

Use of Non-GAAP Financial Measure

In evaluating the business, the Company considers and uses Adjusted EBITA, a non-GAAP financial measure, to supplement the review and assessment of its operating performance. The Company defines Adjusted EBITA as net income or loss before (i) interest income, (ii) interest expenses, (iii) investment income (loss), net, (iv) impairment loss for equity investments accounted for using cost method/Measurement Alternative, (v) loss (income) from equity method investments, net, (vi) other income (loss), net, (vii) income tax benefits (expenses), (viii) share-based compensation expense, and (ix) amortization of intangible assets.

This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. It should not be considered in isolation or construed as an alternative to net income (loss) or any other measure of performance or as an indicator of the Company’s operating performance. Investors are encouraged to review this historical non-GAAP financial measure in light of the most directly comparable GAAP measure. The non-GAAP financial measure may not be comparable to similarly titled measures presented by other companies.

For more information on the non-GAAP financial measure, please see the tables captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth in this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars were made at a rate of RMB6.4434 to US$1.00, the exchange rate in effect as of September 30, 2021 as set forth in the H.10 statistical release of the Federal Reserve Board.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor inquiries, please contact:

DiDi Global Inc.

Tianyi Wang
Email: ir@didiglobal.com

For media inquiries, please contact:

DiDi Global Inc.

Global Communications Team
Email: globalpr@didiglobal.com

Source: DiDi Global Inc.

Exhibit 99.2

DiDi Announces Board Change

BEIJING, December 30, 2021 – DiDi Global Inc. (the “Company”) (NYSE: DIDI), the world’s leading mobility technology platform, today announced that Mr. Yi Zhang has been appointed as a director to the board of directors of the Company and Mr. Daniel Yong Zhang has resigned from the board.

Mr. Yi Zhang is currently Senior Legal Director of Alibaba Group and general counsel of Alibaba Local Services Company. Mr. Zhang joined Alibaba Group in August 2014. Before joining Alibaba Group, Mr. Zhang practiced law with several international law firms. Mr. Zhang is a licensed attorney of the State of New York. Mr. Zhang received a bachelor’s degree in sociology from Renmin University of China, a master's degree in sociology from Columbia University and a juris doctor degree from Cornell Law School.

The Company would like to take this opportunity to express its gratitude to Mr. Daniel Yong Zhang for his invaluable contributions to the Company during his tenure.

About DiDi Global Inc.

Contacts

For investor inquiries, please contact:

DiDi Global Inc.

Tianyi Wang
Email: ir@didiglobal.com

For media inquiries, please contact:

DiDi Global Inc.

Global Communications Team
Email: globalpr@didiglobal.com