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China's Didi posts first quarterly profit since 2021 as regulatory woes ease

November 13, 2023
Source: reuters.com reuters.com
News Snapshot:
People walk past the headquarters of the Chinese ride-hailing service Didi in Beijing, China, December 3, 2021. REUTERS/Thomas Peter/File Photo Acquire Licensing Rights Nov 13 (Reuters) - Didi Global, China's largest ride-hailing company, on Monday reported its first quarterly profit since 2021, adding to signs of its comeback from regulatory challenges as domestic demand for mobility services continues to recover. Didi Global reported net income attributable to shareholders of 107 million yuan ($14.66 million) in the three-month period ended Sept. 30, versus a loss of 2 billion yuan a year ago. Revenue in the reported quarter jumped 25% to 51.40...
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