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Didi Global, the Chinese ride-hailing leader, reported its first quarterly profit since 2021, with a net income of 107 million yuan ($14.66 million) in the third quarter. The company also plans to buy back $1 billion worth of shares. This marks a significant turnaround for Didi, which has been facing regulatory challenges. The positive financial results are seen as a boost for its potential 2024 Hong Kong IPO.
The Arena Group delivers strong third-quarter revenue https://t.co/QvzGI3Dr8K
Sources: ByteDance's revenue rose 40% YoY to $29B in Q2, with markets outside of China accounting for nearly 20% of its total; H1 2023 revenue was ~$54B (@coryweinberg / The Information) https://t.co/33jro4e20A 📫 Subscribe: https://t.co/OyWeKSQRTe https://t.co/DL0rRyyQsA
🔴 BYTEDANCE Q2 REVENUE RISES MORE THAN 40% TO $29B - INFORMATION.
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Mitsubishi announces a $2.6 billion share buyback after profit jumped in the second quarter https://t.co/Zf7V28Lf6T
Mitsubishi announces a $2.6 billion share buyback after profit jumped in the second quarter https://t.co/Rn4huQObpl
Didi’s growth momentum continues in Q3 as Chinese return to regular activities https://t.co/IXryX5VLwT
Didi: strong result gives IPO hopeful a ticket to ride https://t.co/mVVbXRZgkz | opinion
Didi posts first quarterly profit since ill-fated New York IPO amid recovery in Chinese ride-hailing market https://t.co/BC1CHuJwK5 via @scmpnews
Didi: strong result gives IPO hopeful a ticket to ride https://t.co/YeATtLgoa8
Chinese ride-hailing leader Didi Global posted its first profit since 2021, sustaining its gradual recovery ahead of a 2024 Hong Kong listing. https://t.co/nincYtgwcI
Didi reports Q3 revenue up 25% YoY to ~$7B, a ~$14.7M net income, up from a ~$274M loss in Q3 2022, and plans to buy back $1B in shares over the next 24 months (Reuters) https://t.co/KyzX8qSLRe 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/dH10kOiiod
In 50 Words: Didi Global rebounds with $14.7m profit, plans $1b share buyback https://t.co/VdpJ5RydmQ
China's #Didi posts first quarterly #profit since 2021 as regulatory woes ease Didi Global reported net income attributable to shareholders of 107 million yuan ($14.66 million) in the three months ending September 30. https://t.co/7r6luYZvUA
Didi Posts First Profit Since 2021 Ahead of Landmark HK IPO https://t.co/4aGa3tNhqv
Didi Posts First Profit Since 2021 Ahead of Landmark HK IPO https://t.co/l2HVM6s48D
Didi Posts First Profit Since 2021 Ahead of Landmark HK IPO https://t.co/C3hVAUmZcI
China's Didi swings to third-quarter profit, to buy-back $1 bln worth of shares https://t.co/Py5N9EGGsv https://t.co/C8Qm1mwJmy