China to hit mobility giant Didi with a $1B fine
Chinese authorities are set to hit mobility giant Didi with a $1 billion fine, a move that could end a torrid period for the firm.
Didi has been in the spotlight of the Chinese government after the company raised $4 billion from selling its stocks in New York.
Beijing launched a data security probe into Didi in the days after its New York Stock Exchange (NYSE) listing; claiming that it was “illegally collecting user data”. However, both the country’s regulators and...
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