News Snapshot:
Didi has been caught up in a crackdown on the technology sector that has ensnared some of China's biggest firms - Copyright AFP/File Jade GAO China has fined ride-hailing giant Didi 8 billion yuan ($1.2 billion), regulators announced Thursday, concluding a year-long investigation into alleged data security violations. The probe found “conclusive evidence” that Didi had committed violations of an “egregious nature”, the Cyberspace Administration of China (CAC) said in a statement. It accused Didi of illegally storing the ID information of more than 57 million drivers in plain text instead of a more secure format. The regulator said the...
