Ride-hail app, Didi, to face huge $1.2B breach fine from China
Chinese authorities are said to be preparing to hit Didi Global, the ride-hailing app, with a $1.28 billion fine, approximately 4.7% last year’s revenue. While that should sting, ironically it may also help lift China’s current ban on Didi’s new riders. Thinking here that taking with one hand while giving with the other may not be the optimal deterrent.