China has fined ride-hailing group Didi Chuxing Rmb8bn ($1.18bn) and hit its founders with additional penalties over “serious” and “vile” breaches of the country’s data security laws.
The probe led by the Cyberspace Administration of China has devastated the Chinese technology giant’s business and forced it to delist from the New York Stock Exchange roughly a year after its $4.4bn blockbuster IPO last June.
The unprecedented investigation into Didi came as pat of Beijing’s sweeping regulatory crackdown on the tech sector, leading to a reckoning on Wall Street about investing in Chinese companies.
您已阅读25%（602字），剩余75%（1834字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。