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.
Nubank, one of the fastest-growing digital lenders worldwide, continues to deliver impressive financial results that pave the way for its planned expansion into international markets. After successfully consolidating its presence in Brazil, Mexico, and Colombia, the company is gearing up to announce its entry into a new market later this year. This strategic decision follows a robust trajectory of growth in profits and an expanding customer base.