China Fines Didi $1.2 Billion as Tech Sector Pressures Persist - The New York Times

The fine will likely clear the way for Didi to list in Hong Kong, but a recovery for China’s internet sector remains elusive.

Tech firms like Didi face a long road to recovery. The regulatory pressures, and a longstanding spat between China and the United States over auditing and compliance, have suppressed Chinese tech fir… [+1586 chars]

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