China’s Didi Swings Back to Profit After Global Business Revs Up

Didi Global Inc. returned to profit in the March quarter, a boost for a Chinese ride-hailing leader gearing up for a potential Hong Kong market debut.

Revenue rose 8.5% to 53.3 billion yuan ($7.4 billion) as it ramped up overseas expansion. Net income roughly tripled to 2.4 billion yuan.

The numbers reflect a recovery for the ride-hailing pioneer hit by authorities a few years ago. Didi, known as China’s answer to Uber Technologies Inc., was forced to delist from New York’s main bourse after Beijing cracked down on data-sharing practices across the internet industry.

Average daily mobility transactions at ...