China is reportedly creating rules to bar internet companies whose data is considered potentially risky from listing abroad.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.”<\/p>\n\n\n