China fines Didi Global $1.2 bln, fuelling hopes of thaw in regulatory crackdown
China’s cybersecurity regulator fined Didi Global Inc $1.2 billion on Thursday. Investigation forced ride-hailing leader to delist from New York within a year of its debut. Didi ran afoul of the Cyberspace Administration of China when it proceeded with its US stock listing. Didi’s plans to list in Hong Kong delayed indefinitely after failing to … Read more
