The ride-hailing outfit’s three-month surplus was its first since 2021 when it was the target of China’s cyberspace regulator

The deal is another shot in the arm for the currently loss-making startup, coming on the heels of a stake sale to, and partnership with, Germany's Volkswagen

About a dozen Chinese firms, including Tencent Music Entertainment Group, Didi Global and NetEase, are likely to be inspected in a fresh round of routine checks

But the listing is set to be opposed by some US lawmakers over claims the company uses cotton produced by Uyghur forced labour

The online platform is expected to include more than 90% of China’s total transportation market

Beijing Judian Chuxing Technology was just one of a series of partnerships ride-hailer Didi struck with automakers including Volkswagen, Toyota and BYD

The announcement on Thursday by the Cyberspace Administration of China followed a year-long investigation into Didi's collection and use of its customer data

Alibaba, JD.com, Baidu took a hit in the wake of the comments, while the NASDAQ Golden Dragon China Index shed some 6.59%.

Vote to delist the ride-hailing giant's ADS from the New York Stock Exchange ends saga after 2021 listing drew Beijing's ire.

South Korea's Coupang is trading 70% below its listing price and is one of many SoftBank portfolio companies, including Didi and Grab Holdings, that tumbled in the January-March quarter.