China fines Didi $1.2 billion for violating cybersecurity and data laws

The Cyberspace Administration of China (CAC) said in a statement that the firm had breached the country’s cybersecurity law, data security law, and personal information protection law.”The facts of violations of laws and regulations are clear, the evidence is conclusive, the circumstances are serious, and the nature is vile,” the statement added.Aside from the $1.19 billion penalty, the regulator also imposed a personal fine of 1 million yuan ($147,000) on Didi’s chairman and CEO Cheng Wei and president Liu Qing, respectively. Liu Qing is also known as Jean Liu in English.In Just days after Didi’s Shortly after the regulator’s announcements, Didi Global responded in a statement on Thursday that it “sincerely” accepts the regulator’s imposition of administrative penalties.”We sincerely accept this decision, and resolutely obey it. We will strictly follow the penalty decision and the requirements of relevant laws and regulations, conduct comprehensive and in-depth self-examination, and actively cooperate with supervision and complete rectification carefully,” it said.”We will take this as a warning and further strengthen the construction of cyberspace security and data security, strengthen the protection of personal information, and earnestly fulfill our social responsibilities. We will serve every passenger, driver and partner well, and realize the safe, healthy and sustainable development of the enterprise,” it added.