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Chinese regulator to fine Didi more than $1 billion over data-security breaches

Last year, Didi became a high-profile target in the Chinese government’s crackdown on the country’s internet sector. (Photo: Bloomberg)

3 min read . Updated: 20 Jul 2022, 04:53 PM IST Keith Zhai, The Wall Street Journal

Move ends yearlong investigation and will free firm to pursue a second listing in Hong Kong

SINGAPORE : Chinese authorities are preparing to impose a fine of more than $1 billion on ride-hailing company Didi Global, bringing an end to a yearlong investigation into the company’s cybersecurity practices, according to people familiar with the issue.