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Aljazeera reports that the Cyberspace Administration of China (CAC) has fined Didi with about USD 1.2bn for “egregious” violations of data security rules, since it found that it had illegally collected customer information since 2015 and handled data in a way that endangered national security. Among the breaches sanctioned by CAC are illegal storage of...

Bloomberg reports that China modified a decade-long rule that restricted offshore-listed firms’ financial data sharing practice, potentially removing a key hurdle for U.S. regulators to gain full access to auditing reports of the majority of the 200-plus Chinese companies listed in New York.  Continue reading the Bloomberg article here.

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