Categories: Market Overview

China’s tech crackdown has a new battleground — data

China’s government has opened a new battlefront with the country’s technology giants, looking to target their collection and use of data. On Monday, the Cyberspace Administration of China (CAC) also opened a cybersecurity probe into U.S.-listed Boss Zhipin and subsidiaries of Full Truck Alliance.

It came a day after the CAC ordered app stores in the country to remove ride-hailing service Didi, alleging the company had engaged in the illegal collection and use of personal data. On Friday, the same regulator announced a cybersecurity review into Didi, which just last week carried out a massive initial public offering in the U.S.

Beijing has been cracking down on domestic technology giants over the last few months, from the cancellation of Ant Group’s $34.5 billon listing to Alibaba’s $2.8 billion antitrust fine. The focus has very much been on anti-monopoly as well as financial technology regulation. Now regulators are turning their heads toward data because of its importance to the tech industry, a key driver of economic growth. A separate piece of legislation called the Personal Information Protection Law is also being worked on. If passed, it will give users more control over their data.

China’s tech crackdown has a new battleground — data, CNBC, Jul 6

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Pro News Weekly: Market Shake-Up, Dollar Drops, Gold Surges, Bitcoin Wobbles!

Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…

6 hours ago

Solana Wave Analysis – 5 December 2025

Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…

7 hours ago

EURAUD Wave Analysis – 5 December 2025

EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…

7 hours ago

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

11 hours ago

Bear market rebound in crypto is likely to continue

Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…

12 hours ago

Coca-Cola Wave Analysis – 4 December 2025

Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…

1 day ago

This website uses cookies