China’s cybersecurity regulator said on Thursday it has fined ride hailing giant Didi Global Inc 8.026 billion yuan ($1.19 billion) following a more than year long investigation into the collection …
Monthly Archives For July 2022
Across China: Digital technology sweetens lychee business in south China
Chen Shiquan, a farmer in his 50s, sits in the shade at a lychee orchard in south China’s Guangxi Zhuang Autonomous Region, meticulously watering and fertilizing lychee trees using a mobile phone app.
China’s Gansu sees foreign trade up 24.6 pct in H1
Gansu’s first international freight train that runs via the China-Laos Railway prepares to depart from Dunhuang, northwest China’s Gansu Province, April 21, 2022. (Xinhua/Chen Bin) LANZHOU, July 21 …
China solar installations more than double in first half – assn
China built nearly 31 gigawatts (GW) of new solar power capacity from January to June, up 137% from a year earlier, with full-year installations on course to hit a record high, an industry group said…
Elon Musk Open To Buying More Crypto Even As Tesla Dumped Three Quarters Of Its Bitcoin Holdings
Elon Musk’s Tesla sold over 75% of their Bitcoin holdings at the end of Q2. The company stated that its crypto holdings have been converted into fiat during the sales that happened between April and…
China fines Didi Global $1.2bn for violating data security laws
China’s cybersecurity regulator said on Thursday it has fined Didi Global Inc 8.026 billion yuan ($1.19 billion), concluding a probe that forced the ride-hailing giant to delist from New York within a …
China fines ride hailing giant Didi Global $1.65 billion for violating data security laws
Investigation found Didi had illegally collected millions of pieces of user information. Read more at straitstimes.com.
Didi fined over $1bn by Beijing for ‘vile’ breaches of data laws
China has fined ride-hailing group Didi Chuxing Rmb8bn ($1.18bn) and hit its founders with additional penalties over “serious” and “vile” breaches of the country’s data security laws. The probe led by …
Beijing Accuses US Of ‘undermining One China Policy’ By Supporting Taiwan
The United States (US) is undermining the “One China” policy by supporting Taiwan, said the Chinese ambassador to the US Qin Gang on Wednesday, July 20.
Beijing launches major strike in attempt to sink AUKUS pact
Beijing has launched the latest strike in its global campaign to sink Australias AUKUS submarine agreement with its allies America and the UK.
China Fines Didi $1.2 Billion as Tech-Sector Pressures Persist
The fine will most likely clear the way for Didi to list in Hong Kong, but a recovery for China’s internet sector remains elusive.
ADB slashes China’s growth forecast on concerns over strict Covid lockdowns
The Asian Development Bank has cut the growth forecast for China due to concerns over the country’s zero-Covid approach and strict lockdowns, which have also impacted its troubled property market.
Reaction to China imposing $1.2 bln fine on Didi Global
China’s cybersecurity regulator fined Didi Global Inc 8.026 billion yuan ($1.2 billion) after a year-long probe found the ride hailing giant had violated laws including ones pertaining to data …
