New Delhi, 21 July 2022                                                           

As per news report of BBC, on Thursday, the Cyberspace Administration of China (CAC) said that it had found "conclusive evidence" against the company. The regulator announced that it had started an investigation into Didi just days after the firm launched its shares in the US last year. Didi's shares have since stopped trading on the New York Stock Exchange. The CAC also said it had imposed fines of one million yuan each on Didi Global's chairman and chief executive Cheng Wei and president Liu Qing. In response, Didi said it accepted the ruling and would "conduct comprehensive and in-depth self-examination".

Source - BBC

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