Even with Didi fine, repression of the Chinese technology sector may not be over


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China’s $1.2 billion fine to Didi Global limits the company’s regulatory woes, but retroactive enforcement of laws and lack of clarity about ending restrictions on the company show that the worst for the country’s tech sector may not be over. Beijing launched a cybersecurity investigation into Didi just over a year ago as part of a wider and unprecedented crackdown on antitrust and data breaches, among other issues. The move targeted some of China’s best-known corporate names, such as Alibaba and Tencent. Follow Forbes Money content first hand on Telegram In recent months, authorities have softened the tone of the...