After a punitive year-long investigation into Didi Global, China’s version of Uber, Beijing regulators are finally preparing to wrap up the investigation into the company’s cybersecurity practices by slapping it with a one-billion-dollar fine, WSJ reported. The billion-dollar fine is equivalent to 4% of Didi’s $27.3 billion total sales last year. More importantly, once the Cyberspace Administration of China (CAC) makes an official announcement, Didi restrictions will be eased, allowing the app to be restored on Chinese app stores and resume…
Chinese Regulators To Fine Didi $1 Billion As Tech Crackdown Nears End comes via ChinaTechNews.com.