Didi Global Reports Q2 Profit of 1.4 Billion Yuan, $7.1B Revenue, Eyes Hong Kong Re-listing

Aug 21, 2024, 12:01 PM

China's largest ride-hailing company, Didi Global, reported a net profit of 1.4 billion yuan for the second quarter of 2024, marking a significant turnaround for the company. This profit comes after Didi's revenue increased by 4.1% year-over-year to approximately $7.1 billion, with a net profit of about 196 million. The company's ride-hailing transactions reached a record high, contributing to its financial recovery following a $1.2 billion fine imposed by the US in 2022. The return to profitability is seen as a positive development as Didi considers a potential re-listing in Hong Kong.