Friday, 24 March, 2023

China's $1B fine on Didi may end the company's troubled year

<p>Didi, a Chinese ride-hailing giant had experienced regulatory reform in the past year. It now has to pay a fine of more than 8B yuan ($1.28B) to the government authorities. The regulators will also permit Didi to resume listing its app in domestic app stores and move through with its proposal to float its shares on the Hong Kong Stock Exchange in addition to imposing the fine. If the transaction goes through, it might put an end to a year of turmoil at Didi.</p>