DiDi Chuxing’s difficulties may be coming to an end as Beijing lifts restrictions on the ridesharing service.

Beijing targeted DiDi after the company raised $4 billion from selling its shares on the New York Stock Exchange (NYSE). In the days following the listing, Beijing launched a data security probe into DiDi on the basis that it was “illegally collecting user data”.

Amid increased US-China tensions, Beijing has sought to clamp down on Chinese firms listing in...