Didi Global swings to Q3 profit from last year’s loss

On Friday, Didi Global, China’s predominant ride-hailing service, announced a significant turnaround with a third-quarter net income of 929 million yuan ($128.42 million).

This marks a recovery from a loss reported in the same quarter of the previous year. The company’s revenue saw a 5% increase, totaling 53.9 billion yuan for the quarter ending September 30.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.