Didi Chuxing Returns to Profit with 25% Revenue Increase in Q3

Company Announces Plan to Buy Back Up to US$1 Billion of Shares

Didi Chuxing, the Chinese ride-hailing giant, reported a 25% year-on-year revenue increase in the third quarter, marking a return to profit.
The company's net income attributable to shareholders reached 107 million yuan in the third quarter, compared to a loss of 2.01 billion yuan a year ago.
Didi's China mobility segment, which makes up the majority of its business, saw a 26.6% increase in revenue, while its international business, mostly active in Latin American markets, saw a 27.7% year-on-year revenue growth.
The company's return to profit is attributed to the recovery in domestic demand for mobility services and a sharpened business focus.
Didi announced a plan to buy back up to US$1 billion of its shares over the next two years.