China is reportedly creating rules to bar internet companies whose data is considered potentially risky from listing abroad.
Moreover, Tianjin-based companies will be mandated to migrate their data from privately operated Alibaba and Tencent to a state-run network by September 2022, a move that is largely tied to concerns about Beijing’s influence.
The Cyberspace Administration of China also announced on Friday that it would step up surveillance of algorithms used by technology companies and allow users to disable algorithm recommendation services, a major concern for the Chinese government due to fears that they are being targeted by U.S. and European Authorities.
Kendra Schaefer, Head of Technology Policy Research at Beijing-based consultancy Trivium China, had this to say on the latest developments: “This policy marks the moment that China’s tech regulation is not simply keeping pace with data regulations in the European Union but has gone beyond them.”
For more information, read the original story in Reuters.