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Tag: regulatory crackdown

Chinese Regulators Slam Ride-Sharing App Didi Global with $1.2 Billion Fine
After a year-long probe into the company’s cybersecurity and data management, Chinese ride-hailing app Didi Global was fined $1.2 billion (8 billion yuan) by the country’s regulators. The clampdown is part of an ongoing regulatory...
China Points to Regulatory Easing After Tech Meeting, But Analysts Warn it Won’t Be That Simple
On May 17, Chinese officials met with some of the country’s most prominent tech executives amid a year-long crackdown that has wiped billions of dollars from one of its most lucrative homegrown sectors. Following the...