The Cyberspace Administration of China plans to fine Chinese ride-hailing company Didi Chuxing more than $1 billion in relation to alleged insufficient data security practices, The Wall Street Journal reports. The fine is the last remedial step Didi faces as part of a yearlong investigation by the CAC, which removed the company's mobile applications from China's app stores over data security concerns in July 2021. Payment of the fine would restore Didi apps and allow the company to begin a new share listing in Hong Kong.
19 July 2022
