China is preparing to fine ride-hailing giant Didi Global Inc (??) more than US$1 billion to wrap up a long-running probe, media reports have said, boosting investors’ hopes that the country’s tech crackdown is winding down.

Didi, once known as China’s answer to Uber Technologies Inc, has been one of the highest-profile targets of the widespread clampdown on the sector, which saw years of runaway growth and supersized monopolies before regulators stepped in.

Beijing to fine Didi more than US$1bn: reports comes via ChinaTechNews.com.