Didi Global Inc. $DIDI has made significant strides in financial recovery, recording a triple increase in net profit to 2.4 billion yuan for the March quarter. Revenue also climbed by 8.5% to 53.3 billion yuan ($7.4 billion USD), primarily driven by aggressive international expansion efforts. These promising financial results come as Didi, often referred to as the Chinese counterpart to Uber Technologies Inc. $UBER, prepares for a potential Hong Kong listing.

In recent years, China has positioned itself as a leader in technological innovation, challenging long-standing global players. One of the clearest examples of this progress is DeepSeek, a fast-growing tech company from Hangzhou. Its groundbreaking work with large language models (LLMs) has redefined artificial intelligence capabilities by matching the performance of Western systems, all while maintaining significantly lower costs. So, how is this reshaping industries, and what is driving DeepSeek’s success? Let’s explore.