China Internet Rating Company Didi has made a profit for the first time since 2021, and has gradually recovered before going listing in Hong Kong in 2024.
According to Bloomberg, Didi issued a announcement on Monday (November 13) that the net profit in the third quarter was 107 million yuan (about S $ 20 million), and the company resumed new user registration in January.
The announcement also mentioned that Didi revenue in the third quarter was 51.4 billion yuan, an increase of 25%year -on -year.
The above announcement shows that Didi has gradually recovered the market share that has been lost since 2021. At that time, the Chinese regulatory agency launched an investigation on Didi and later required it to delist from the New York Stock Exchange.The company's business expansion has also been affected since then. The co -founder Cheng Wei disappeared from the public's spotlight, and competitors such as Meituan and other competitors men the Didi site.
Didi said that the board of directors has authorized the repurchase plan that will be repurchased at no more than $ 1 billion (about 1.36 billion yuan) in the next 24 months.
Bloomberg reports that since the completion of Didi investigations in China regulatory agencies, Cheng Wei rarely stated in the announcement that it is expected that the company will continue to expand its core business in the future while improving products and service capabilities.
