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Chinese Regulators Fines Over $ 1 Billion Diddy for Data Security Violations

Singapore — Chinese authorities are preparing to fine ride-hailing service companies over $ 1 billion Didi Global People familiar with the matter have put an end to a year-long investigation into the company’s cybersecurity practices.

When the penalty is revealed, the government will relax the restrictions that Didi prohibits adding new users to the platform, allowing Beijing-based tech companies to restore mobile apps to their domestic app stores. Some people said it was planned. Fines also said these people would pave the way for Diddy, whose app is used by tens of millions of users in China every month, to launch a new IPO in Hong Kong.

Chinese Regulators Fines Over $ 1 Billion Diddy for Data Security Violations

Source link Chinese Regulators Fines Over $ 1 Billion Diddy for Data Security Violations

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