China to order cybersecurity reviews for some firms seeking overseas listings

Published by
Reuters

By Brenda Goh and Josh Horwitz SHANGHAI (Reuters) -China said on Tuesday it would put in force new rules that will boost oversight over how its platform companies make plans to list abroad or use recommendation algorithms, in moves set to tighten Beijing’s grip over its sprawling technology sector. The Cyberspace Administration of China (CAC) said it would from Feb. 15 implement new rules that require platform companies with data for more than 1 million users to undergo a security review before listing their shares overseas. In a separate statement, the CAC also said it would implement new rul…

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