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Chinese Regulator to Fine Didi More Than $1 Billion Over Data-Security Breaches

Chinese authorities are preparing to impose a fine of more than $1 billion on ride-hailing company Didi Global, bringing an end to a yearlong investigation into the company’s cybersecurity practices, according to people familiar with the issue.

Once the penalty is unveiled, the government plans to ease a restriction banning Didi from adding new users to its platform, and to allow the Beijing-based technology company’s mobile apps to be restored to domestic app stores, some of the people said.

The fine will also pave the way for Didi, whose app is used by tens of millions of users in China each month, to kick-start a new share listing in Hong Kong, these people said.

The Cyberspace Administration of China didn’t immediately respond to written questions. The company didn’t immediately reply to requests for comment.

查看中英双语全文，微信关注“可可英语晨读”公众号。关注即可【加入晨读打卡学习群、领取双语全文pdf笔记，还能提前锁定免费直播课名额】。更多更快更精彩的内容，尽在“可可英语晨读”公众号。