China Fines Didi $1.2 Billion as Tech Sector Pressures Persist


Source: baltimore-archive.com baltimore-archive.com

Key Topics in this News Article:

News Snapshot:

[Google Fires Engineer Who Claims Its A.I. Is Conscious] For Didi, once hailed as an innovator and disrupter in China’s staid transportation sector, it has been a fast fall from grace. The company was considered the pride of China’s spunky, and valuable, start-up scene in 2016 when it beat its American rival, Uber, and bought the firm’s Chinese operations. At the time, its executives vowed that the data it collected would be used to unsnarl traffic jams and eventually help develop driverless cars. As Beijing has asserted greater control over internet firms like Didi, it has sought to shape a...