The Chinese economy is one of the fastest growing in the world Didi is fined more than $1 billion by the Chinese government for violating data security law

As a result of its decision to fine Didi, China's Cyberspace Administration has fined the company 8.026 billion yuan ($1.19 billion).

Moreover, the administration also fined two Didi executives 1 million yuan each as part of this investigation.

Didi Global was fined by China's cybersecurity authority on Thursday, bringing to an end a yearlong probe that prevented the company from adding new customers.

After Didi violated China's network security law, data security law, and personal information protection law, China's Cyberspace Administration fined the company 8.026 billion yuan ($1.19 billion).

It was unclear whether the fine would allow Didi to add new users or restore its presence on China's app stores following the fine.

A Didi subsidiary was among companies fined in March by China for not complying with antimonopoly laws and failing to disclose certain transactions, including Alibaba and Tencent.

The central bank of China also fined Didi's payments unit, a current employee and a former employee about $690,000 for mishandling customer information.