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 RightsNov 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 in 2021 came into the crosshairs of China's cyberspace regulator for pursuing a U.S. stock listing without an approval.
Didi was fined $1.2 billion in July 2022 over data-security breaches, but began to emerge from these regulatory troubles in January after it was allowed to restore its apps.
The company has also taken steps to streamline its business operations and focus on its core ride-hailing services.
Persons:
Didi, Thomas Peter, Alibaba, Wei Cheng, Yelin, Sameer Manekar, Kim Coghill, Sherry Jacob, Phillips
Organizations:
REUTERS, Didi Global, HK, SoftBank, Monday, New York Stock Exchange, Thomson
Locations:
Beijing, China, U.S, Yelin Mo, Bengaluru