China Fines Didi $1.2 Billion as Tech-Sector Pressures Persist
Regulators sought to make the company an example of the consequences of mishandling data — and of the grave political error of ignoring the authorities.
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Regulators sought to make the company an example of the consequences of mishandling data — and of the grave political error of ignoring the authorities.
Gig jobs have become a significant part of China's economy, and are set to increase.
The Cyberspace Administration of China has imposed a fine of 8.026 billion yuan (US$1.2 billion) against Didi Global.
The country's cyber security watchdog launched a probe into the firm just days after its US listing.
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.