STORY: China is set to impose a massive fine on ride hailing app Didi Global. Reuters sources say the penalty will total almost $1.3 billion. That would be close to 5% of the firm’s revenue last year. Didi has been in trouble with Beijing regulators for some time. It angered watchdogs in 2021 by pushing ahead with a New York listing after being told to put it on hold. Within days regulators had launched a probe into its data practices, and ordered app stores to remove its products. That’s allowed rivals to chip away at its leading position in the…