China fines ride-hailing giant Didi Global $1.2b for violating data security laws

China fines ride-hailing giant Didi Global $1.2b for violating data security laws

REUTERS/Kim Kyung-Hoon

China has fined Didi Global 8.026 billion yuan (almost $1.2 billion), in one of the largest regulatory penalties imposed on a Chinese technology company, after a year-long probe into the ride-hailing giant.

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