On Thursday, China fined ride-hailing company Didi Global for just over 8 billion yuan ($1.2 billion) for breaking its cyber security laws.
The Cyberspace Administration of China (CAC) state the firm violated the country's cybersecurity law, data security law, and personal information protection law.
Last year, Didi launched its shares in the US, a $4.4 billion IPO on Wall Street on June 30, 2021.
Just days later regulators banned Didi from the app stores and opened an investigation into its handling of customer data.
In December, Didi announced that it would start the process of delisting from the NYSE and pivot to Hong Kong.
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.
