There is a bloomberg report which is saying that DiDi might face an unprecedented penalty, (not only financial..)Effing good; these outright traitors decided they could pull a fast one by going ahead with the listing before the Chinese gov. and finalised cyber regulations.
Hopefully, there will be more than a few heads a-rolling from this.
DiDi gave literally 0 "face" to the regulator and made it look like a laughing stock when it did the IPO even when the regulators said no.
On the Bloomberg report there was also mention that a "top Party official" criticised the regulator for being too lax on its enforcement (letting DiDi proceed with its US IPO).
So, give no "face" to the regulator + finding loopholes + making the regulator look like a joke to the Party's leadership + soft "rebelling" against the State = Super mega penalty for DiDi.