[Tech]

China fines ride-hailing firm Didi US$1.2b

by Shine
July 21, 2022
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China fines ride-hailing firm Didi US$1.2b
Credit: Imaginechina

China has fined ride-hailing giant Didi 8 billion yuan (US$1.2 billion), regulators announced on Thursday, concluding a yearlong investigation.

The probe found "conclusive evidence" that Didi had committed violations of an "egregious nature," the Cyberspace Administration of China said in a statement.

#Didi
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