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China's new data law gives Xi the power to shut down tech firms

Xi’s administration has tightened control over the hoard of information produced by the nation’s tech companies as part of broader efforts to position China as a leader in big data. ....

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China's new data law gives Xi Jinping the power to shut down tech firms

Read more about China s new data law gives Xi Jinping the power to shut down tech firms on Business Standard. Chinese tech stocks were mixed Friday. Alibaba fell 1.2 per cent and Tencent slipped 0.8 per cent at the close in Hong Kong. ....

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China aprueba una ley para fortalecer el control sobre los datos de las empresas tecnológicas

China aprueba una ley para fortalecer el control sobre los datos de las empresas tecnológicas
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As Asia Data Privacy Laws Get Teeth, Larger Fines Are Expected

Since Europe’s GDPR came into force more than two years ago, data privacy and protection have become priorities for regulators and businesses across the Asian region. Between 2019 and 2020, a flurry of data privacy laws was developed, with China, Singapore, Sri Lanka, Thailand, India, Japan and Hong Kong among those offering new guidelines and requirements. And still, more are expected, now bringing with them the prospect off larger fines than before.

Carolyn Bigg, head of privacy for Asia at DLA Piper, says the handing out of big fines will mark the next front in the war to protect data.
“So there’s there’s been certain places around Asia that have had new laws in the past few years, that maybe have provided for this high level of fine, but actually, in reality, there hasn’t been enforcement action, or they haven’t had the resources within the regulator to actually start enforcing them,” Bigg says. ....

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