Chinese ride-hailing giant Didi hit with RM5.27bil fine

China has fined ride-hailing giant Didi 8bil yuan (US$1.2bil), regulators announced on July 21, 2022, concluding a year-long investigation. — AFP

BEIJING: China has fined ride-hailing giant Didi more than 8bil yuan (US$1.2bil or RM5.27bil),regulators announced on July 21, concluding a year-long investigation into alleged data security violations.

Didi has been one of the highest-profile targets of a widespread crackdown on China’s tech firms, which saw years of runaway growth and the emergence of supersized monopolies.