fines

China fines Didi more than $1 billion for breaking data security laws

The app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the company logo displayed in this illustration picture taken July 1, 2021.Florence Lo | ReutersBEIJING — China’s cybersecurity authority fined ride-hailing giant Didi Global on Thursday in apparent closure of a yearlong probe that prevented the company from adding …

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China regulator fines Alibaba, Tencent for disclosure violations

SHANGHAI, July 10 (Reuters) – China has imposed fines on technology giants Alibaba (9988.HK) and Tencent (0700.HK) as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country’s market regulator said on Sunday.The State Admnistration for Market Regulation (SAMR) released a list of 28 …

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SEC fines Ernst & Young $100 million over auditors’ cheating

Placeholder while article actions loadHundreds of auditors at accounting giant Ernst & Young cheated on ethics tests they were required to take to get or maintain their professional licenses, and the company withheld evidence of the misconduct from federal authorities investigating the matter, according to the Securities and Exchange Commission.In response, the SEC is imposing …

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