China has fined ride-hailing giant Didi 8bil yuan (US$1.2bil), regulators announced on July 21, 2022, concluding a year-long investigation. — AFP
BEIJING: China has fined ride-hailing giant Didi more than 8bil yuan (US$1.2bil or RM5.27bil),regulators announced on July 21, concluding a year-long investigation into alleged data security violations.
Didi has been one of the highest-profile targets of a widespread crackdown on China’s tech firms, which saw years of runaway growth and the emergence of supersized monopolies.
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