Didi Global, China's largest ride-hailing company, reports Q4 profit of 818mn yuan ($113.15mn) amid regulatory recovery.

China's largest ride-hailing company, Didi Global, reported a fourth-quarter profit of 818 million yuan ($113.15 million), marking a recovery from regulatory challenges. This comes after a period of scrutiny where the company was fined $1.2 billion for data security violations in 2022. Despite the setbacks, revenues increased 55.4% to 49.4 billion yuan for the quarter, and the company is planning a Hong Kong IPO.