Claiming breaches of data, China fines Didi more than $1.2 billion

BEIJING, China: 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.

The fine would be more than $1.28 billion, accounting for about 4.7 percent of Didi's $27.3 billion total revenue last year, according to sources.

The Wall Street Journal first reported the potential size of the fine earlier this wee