Logo 22 Jul 2022

The year in weirdness: Didi denouement raises more questions than answers

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The other shoe has finally dropped… and boy is it a heavy one.

Yesterday, the CAC announced a RMB 8 billion fine against Didi Global, more than one year after launching a cybersecurity probe into the company.

Didi founder, Chairman, and CEO Cheng Wei, and President Jean Liu were also each per...