Didi Chuxing is braced for further punishment from Chinese regulators after the ride-hailing giant became a high-profile target of Beijing’s crackdown on the country’s tech giants.
The company’s management remains concerned it is in line for additional sanctions, four Didi staff told the Financial Times, even after the Cyberspace Administration of China last month issued an Rmb8bn ($1.18bn) fine over “serious” and “vile” breaches of the country’s data security laws.
Whether Didi can get free of regulatory scrutiny is crucial to the future of the company, after its enormous growth was abruptly halted by probes from the CAC and six other government agencies.
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