Chinese ride-hailing giant Didi Global Inc. reported a 67% quarterly profit rise, a positive sign ahead of a potential Hong Kong listing, reports Bloomberg. Net income came to RMB 1.5 billion ($212 million) in the September quarter, helped by solid momentum in China that offset losses in international markets, the company said in the earnings statement.
Domestic average daily transactions hit a record high 38.3 million, while its international segment reported a bigger loss due to increased spending on incentives and marketing, it said.
Didi—China’s answer to Uber Technologies Inc.—was forced to delist from the New York Stock Exchange after Beijing cracked down on data-sharing practices across the internet industry. The company is now focusing on cost controls and a future Hong Kong debut.