Didi, once known as China’s answer to Uber, has been one of the highest-profile targets of the widespread clampdown on the sector, which saw years of runaway growth and supersized monopolies before regulators stepped in. — Reuters
BEIJING: China is preparing to hit ride-hailing giant Didi with a fine of more than US$1bil (RM4.44bil) to wrap up a long-running probe, media reports said, boosting investor hopes that the country’s tech crackdown is winding down.
Didi, once known as China’s answer to Uber, has been one of the highest-profile targets of the widespread clampdown on the sector, which saw years of runaway growth and supersized monopolies before regulators stepped in.
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