Didi Posts First Profit Since 2021 Ahead of Landmark HK IPO (1)

Didi Global Inc. posted its first profit since 2021, sustaining the Chinese ride-hailing leader’s gradual recovery ahead of a 2024 Hong Kong listing.

China’s answer to Uber Technologies Inc. posted a net income of 107 million yuan ($14.7 million) in the third quarter, after it resumed registering new users in January. Revenue in the September quarter rose 25% to 51.4 billion yuan, the company said in a statement on Monday.

The results suggest Didi is making headway in an effort to regain market share lost since 2021, when regulators launched a probe into its data handling and forced it ...