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Chinese regulator fines Didi’s digital payment unit for misconduct · TechNode


China’s central bank has slapped Didi’s digital payment unit with an RMB 4.27 million (around $632,800) fine for misconduct, which includes failure to comply with Beijing’s real-name registration requirement for users, according to a statement posted Friday on the regulator’s website. The regulator added that Didi violated other rules such as not reporting major risk events in a timely manner and not verifying users’ identities as required by the government. Last July, Beijing launched a cyber-security probe into Didi following a public listing in the US. According to a Wall Street Journal report in June, China is concluding the investigation to allow the ride-hailing giant to return to app stores in mainland China, after a year-long investigation. [The People’s Bank of China, in Chinese]

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