Chinese authorities intend to fine the Didi aggregator $1 billion and end a data security investigation against it. After that, the company will be able to list shares on the Hong Kong Stock Exchange.

China Fines Didi $1 Billion in Data Security Case – WSJ

The Wall Street Journal writes about Chinese authorities' plans to fine the Didi taxi aggregator in the amount of more than a billion dollars. The $1 billion amount is 4% of the company's revenue in 2021, when Didi earned $27.3 billion.

The fine marks the end of an investigation into Didi that has lasted more than a year. The company was accused of improper storage of personal data of Chinese users.

Even due to complaints from the authorities, Didi delisted securities from the US stock exchanges, where they fell by 80% of the price after the initial placement. The newspaper notes that after the completion of the investigation, the company will be allowed to list on the Hong Kong stock exchange.


Kirill Bilyk

Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.


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