Chinese regulator fines Didi more than $ 1 billion for data security breaches

SINGAPORE – Chinese authorities prepare to impose a fine of more than $ 1 billion on the transport company Didi Global bring an end to a years-long study of the company’s cybersecurity practices, according to people familiar with the issue.

Once the penalty is revealed, the government plans to ease a restriction banning Didi from adding new users to its platform, and allowing the Beijing-based technology company’s mobile apps to be restored to domestic app stores, some of the folks said. The fine will also pave the way for Didi, whose app is used by millions of users in China every month, to kickstart a new stock listing in Hong Kong, these people said.

Leave a Reply

Your email address will not be published. Required fields are marked *