Regulators fined the company US$1.2 billion ($1.57 billion) in 2022 and forced it to delist from New York’s mainboard after Didi proceeded with an IPO despite authorities’ objections.
Didi Global swung to a profit in the June quarter, a welcome boost for the company as it prepares for a potential re-listing in Hong Kong.
Its over-the-counter shares rose 2.3%. The results reflect how the company is gradually recovering from a tough few years. Once hailed as a national champion that defeated Uber Technologies in China, Didi’s business took a hit after Beijing clamped down on the internet industry.
