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Cyberspace Administration of China: Didi fined $1.65 billion for illegally collecting user information and carrying national security risks

Commenting on China's move to fine Didi Global for flouting privacy regulations after a year-long probe, SMU Associate Professor of Computer Science Zhu Feida noted that in addition to Didi, many Chinese Internet companies have also illegally or excessively collected data and information. The penalty also serves as a warning to the industry, letting the industry know which are the red lines that cannot be touched. On the whole, Assoc Prof Zhu believes that the end of Didi's listing saga in the US has a greater significance for boosting confidence in the industry. He concluded that the government hopes to revive the confidence of private enterprises as soon as possible, so that the industry can be reassured and to give a boost to the economy and employment.