China to fine Didi Global at least US$1 bil before wrapping up probe

China is expected to fine Didi Global Inc. more than US$1 billion ($1.39 billion) before wrapping up a year-long probe into the ride-hailing giant, the Wall Street Journal reported, citing people familiar with the issue as saying.

Beijing will then allow the Chinese company to restore its main apps to mobile stores and again add new users to its platform, the Journal said. Didi can also work toward a listing in Hong Kong, it said.