Didi Posts First Profit Since 2021 Ahead of Landmark Hong Kong IPO

00:00

00:00/00:00

Listen to this article 1x

Didi reported a net income of $14.7 million in the third quarter, after it resumed registering new users in January. Photo: Bloomberg

(Bloomberg) — Didi Global Inc. posted its first profit since 2021, sustaining the Chinese ride-hailing leader’s gradual recovery ahead of a 2024 Hong Kong listing.

China’s answer to Uber Technologies Inc. posted a net income of 107 million yuan ($14.7 million) in the third quarter, after it resumed registering new users in January. Revenue in the September quarter rose 25% to 51.4 billion yuan, the company said in a statement on Monday.