China’s Didi Global Fined $1.2 Billion for Data Violations
TimeMAY 2022
Chinese tech companies have grown so large in recent years that China has needed to intervene to stop them from exercising monopolistic practices and collecting users' personal data. This is a positive step for the Chinese government in its goal of protecting both consumers' privacy and smaller companies that wish to enter the tech market.
Didi's fine isn't the result of the Chinese Communist Party's concern for people's privacy, but rather its obvious attempt to not only cut tech startups off from foreign investments - like the NY Stock Exchange - but also to take government control over user data for political reasons.