China to require some tech firms to go through security review before overseas listings, to tighten oversight on algorithm recommendation
China to require some tech firms to go through security review before overseas listings, to tighten oversight on algorithm recommendation

China to require some tech firms to go through security review before overseas listings, to tighten oversight on algorithm recommendation

 

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China will require internet platform companies holding personal information of more than 1 million users to go through a cybersecurity review before they apply to foreign regulators to raise funds through overseas listings, according to finalized rules released by the Cyberspace Administration of China (CAC) on Tuesday.

The cybersecurity review process, which was first proposed last year, will be implemented from February 15 as the country further tightens regulation on the technology sector.

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