The application of the Chinese giant Didi is seen on a mobile phone in front of the company logo shown in this illustrative image taken on July 1, 2021.
Florence Lo | Reuters
BEIJING – China’s cybersecurity authority on Thursday fined car transport giant Didi Global in apparent closure of a one-year investigation that prevented the company from adding new users.
The China Cyberspace Administration said it fined Didi 8.026 billion yuan ($ 1.19 billion) after deciding that the company violated China’s network security law, the security law data protection and personal information protection law.
The administration also fined two Didi executives with 1 million yuan each.
Didi said in an online statement that he accepted the decision of the cybersecurity regulators.
Didi did not immediately respond to a request for comment from CNBC.
The cybersecurity authority’s announcement did not say whether the fine meant Didi could soon add new users or re-establish its presence in app stores in China.