China has fined ride-hailing giant Didi almost $1.2bn for “egregious” violations of data security rules, capping a year-long probe that torpedoed the startup’s stock price and forced its delisting from the United States stock market.
The Cyberspace Administration of China (CAC) said on Thursday it fined the startup 8.026 billion yuan after finding it had illegally collected customer information since 2015 and handled data in a way that endangered national security.
