China fines Didi World $1.2 billion for violating privateness legal guidelines

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A display screen reveals commerce info for ride-hailing large Didi World on the ground of the New York Inventory Trade (NYSE) in New York Metropolis, U.S., December 3, 2021. REUTERS/Brendan McDermid

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SHANGHAI, July 21 (Reuters) – China’s cybersecurity regulator stated on Thursday it had fined Didi World Inc 8.026 billion yuan ($1.19 billion), closing an investigation into the journey -Hailing giants compelled to delist from New York inside a yr, casting a somber temper over China’s tech sector.

The Our on-line world Administration of China (CAC) stated its investigation discovered that over a seven-year interval beginning in June 2015, Didi illegally collected tens of millions of person info and carried out knowledge processing actions that critically affected nationwide safety.

In an uncommon transfer, the CAC stated it additionally fined firm founder and chief govt Cheng Wei and president Jean Liu 1 million yuan every.

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