Didi Global Inc. has reported its second consecutive quarterly profit, indicating a positive turnaround for the Chinese ride-hailing giant as it prepares for a potential re-listing in Hong Kong.
In the September quarter, the company achieved a net income of 929 million yuan ($128 million), a significant improvement from a loss recorded in the same period last year. Revenue for the quarter increased by 5% to 53.9 billion yuan, driven by a robust 20% rise in gross transactions from its international operations.
This performance highlights Didi's recovery trajectory and its strategic focus on expanding its global footprint amidst ongoing market challenges.