Chinese ride-hailing giant Didi reopens to new users after US$1.2bil fine

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Chinese ride-hailing giant Didi reopens to new users after US$1.2bil fine
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Didi was one of the highest-profile targets of a sweeping crackdown on China's tech sector launched in 2021.

Didi was one of the highest-profile targets of a sweeping crackdown on China's tech sector launched in 2021, which wiped billions of dollars off the value of homegrown companies.

Didi was forced by regulators to pull its app from online stores and stop registering new users in July 2021, when investigators found its user data collection to be in"serious violation" of regulations. Didi on Monday said in a statement that it had"carried out comprehensive rectification" of its security issues.

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