Chinese regulator fined Didi Global $1.19 bn for breaching laws, regulations

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China's top cybersecurity regulator fined ride-hailing giant Didi Global 8.026 billion yuan ($1.19 billion ) for breaching Chinese laws and regulations, concluding a probe that forced Didi to delist from New York within a year of its debut.

The fine marks the largest regulatory penalty imposed on a Chinese mainland-based tech company since e-commerce titan Alibaba Group and food delivery giant Meituan were fined $2.75 billion and $527 million respectively last year by China's antitrust regulator.

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