Didi Global’s Revenue Jumps Ahead of Its Planned Hong Kong IPO

Didi Global Inc.’s fourth-quarter revenue rose 55% from a year earlier, sustaining the Chinese ride-hailing leader’s gradual recovery ahead of a planned listing in Hong Kong this year.

The company’s revenue increased to 49.4 billion yuan ($6.83 billion) in the fourth quarter, while full-year sales climbed 37% to 192.4 billion yuan, it said in a statement on Saturday.

The company, China’s answer to Uber Technologies Inc., is planning a public listing in Hong Kong this year, encouraged by growing signs that its business is recovering since it restored its main apps to mobile stores in 2023.

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