BEIJING, June 5 (Reuters) - Chinese ride-hailing company

Didi Global reported an 8.5% rise in revenue in the first

quarter of 2025 to 53.3 billion yuan ($7.42 billion) on

Thursday, as its recovery from a regulatory overhaul of its

operations gathered pace.

The Beijing-based company reported net income of 2.4 billion

yuan for the quarter, versus a loss of 1.4 billion yuan a year

earlier, after adopting new accounting standards.

Didi drew the attention of China's cyberspace regulator

in 2021 over its pursuit of a U.S. initial public offering

without approval, prompting an inquiry that prohibited it from

adding users and saw many of its apps removed from stores.

The regulator fined Didi $1.2 billion in July 2022 over

a data security violation, before granting the company

permission to relaunch its apps in early 2023. The company was

delisted from the U.S. in 2022.

Travel demand in China has shown signs of a recovery

despite sluggish economic growth. Didi completed 3.3 billion

transactions during the quarter, a 10.3% year-on-year rise

across its platforms in China.

($1 = 7.1805 Chinese yuan renminbi)