Chinese authorities are set to fine ride-hailing firm Didi Global more than $1 billion, which could end a state probe into the firm's cybersecurity practices
Chinese authorities are set to fine ride-hailing firm Didi Global more than $1 billion, which could end a state probe into the firm's cybersecurity practices
As Beijing’s tough stance on online credit persuaded Big Tech firms to scale back their services, smaller platforms have proliferated, luring young consumers into borrowing for a lifestyle they can ill afford.
Monday's sell-off pushed the US S&P 500 index - which has dropped over 20% since a recent record close - into a bear market, and came on the heels of Friday's data that showed US inflation accelerating more than expected in May.