China takes steps to ease up on regulatory crackdown as economy slows

Chinese authorities imposed a $1.2 billion fine on ride-hailing firm Didi Global Inc, a move that signalled an end to a year-long probe into the ride-hailing firm’s cybersecurity practices.

Here is a timeline of key events underscoring the easing of China’s regulatory crackdown since the beginning of this year:

Feb. 10: China’s cyberspace watchdog said it had held a symposium with domestic technology giants in January which had given the industry a “clearer understanding” of how to pursue development and confidence amid a new regulatory landscape.