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China has fined ride-hailing giant Didi $1.2 billion for breaking cyber security laws

China has fined ride-hailing giant Didi 8.026 billion yuan approximately US $1.2 billion for breaking its cyber security laws. On Thursday, the Cyberspace Administration of China (CAC) said that it had found “conclusive evidence” against the company. The regulator announced that it had started an investigation into Didi just days after the firm launched its […]