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China Fines Didi $1.2 Billion as Outlook for Tech Sector Remains Cloudy

China Fines Didi $1.2 Billion as Outlook for Tech Sector Remains Cloudy
A logo of Didi Chuxing in Hangzhou in Zhejiang Province, China, on Sept. 4, 2018. STR/AFP via Getty Images
Dorothy Li
7/21/2022|Updated: 7/21/2022

The Chinese regime fined ride-hailing giant Didi 8.026 billion yuan (about $1.2 billion) for data security breach following a yearlong probe that forced the company to delist from the United States.

The Cyberspace Administration of China (CAC) said on July 21 that its investigation had found Didi violated the Cyber Security law, Data Security law, and Personal Information Protection law.
Dorothy Li
Dorothy Li
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Dorothy Li is a reporter for The Epoch Times. Contact Dorothy at [email protected].
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Related Topics
data security breach
Didi
Tech crackdown
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