China fines Didi more than $ 1 billion for violating computer security laws
The app of the Chinese equestrian giant Didi is seen on a mobile phone in front of the company logo shown on this illustration taken on July 1, 2021.
Florence Lo | Reuters
BEIJING – China’s cybersecurity authority fined ride-healing giant Didi Global on Thursday for apparently closing a years-long investigation that prevented the company from adding new users.
The Cyberspace Administration of China said it fined Didi $ 8.026 billion ($ 1[ads1].19 billion) after ruling that the company violated China’s network security law, computer security law and data protection law.
The administration also fined two Didi leaders 1 million yuan each.
Didi said in an online statement that it accepted the cyber security regulator’s decision.
Didi did not immediately respond to a CNBC request for comment.
The network security authority’s announcement did not say whether the fine meant that Didi would soon be able to add new users or restore its presence in app stores in China.
