BEIJING (Reuters) – China’s largest ride-hailing company Didi Global reported third-quarter net income of 929 million yuan ($128.42 million) on Friday, swinging from a loss in the same period last year.
Continuing its recovery after being badly hit by a regulatory crackdown, the company’s revenue was up 5% at at 53.9 billion yuan for the three months to Sept. 30.
($1 = 7.2342 Chinese yuan renminbi)
(Reporting by Liam Mo and Brenda Goh; Editing by David Goodman)
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