China’s cyberspace regulator: supportive of domestic firms seeking foreign capital

The app emblem of Chinese language ride-hailing big Didi is seen by a magnifying glass on a pc display exhibiting binary digits on this illustration image taken July 7, 2021. REUTERS/Florence Lo/Illustration/File Photograph

BEIJING, Aug 19 (Reuters) – China’s our on-line world regulator stated on Friday that it was supportive of home corporations searching for international capital and that the main focus of its assessment was whether or not there was the danger of knowledge they held being abused by international governments.

The Our on-line world Administration of China, talking at a press convention to debate the nation’s web improvement, additionally stated it was guiding and supervising the rectification work of Didi International, the Chinese language ride-hailing big which was fined $1.2 billion final month for violating knowledge safety legal guidelines.

It additionally stated it was supportive of the wholesome improvement of web corporations, and that it will construct a detailed and clear relationship between enterprises and the federal government.

Reporting by Martin Pollard and Eduardo Baptista; Enhancing by Himani Sarkar

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