China's Cyber Security Association announces 62 apps, including JD.com and Alibaba, have completed data compliance protocols. The move addresses user concerns about excessive data collection and aims to protect user privacy.
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| China's digital landscape is evolving. New data privacy regulations are being enforced, while major tech companies like Alibaba are exploring new investment opportunities. Symbolic image |
Beijing, China - September 09, 2024:
In a move signaling progress on data privacy, China's Cyber Security Association announced a list of 62 apps, including those from e-commerce giants JD.com and Alibaba, that have complied with new data collection and use protocols. This follows concerns about excessive data collection and lack of user control over personal information.
The association's statement highlights the rectification process undertaken by these apps, addressing issues like excessive data gathering, unnecessary permission requests, and cumbersome account deletion procedures. Compliant versions are now available for download on app stores.
This news reflects China's increasing focus on data privacy and user protection within the tech sector. The compliance process demonstrates the government's commitment to regulating data collection practices. Users can expect greater transparency and control over their personal information within these updated apps.
In a separate but related development, Alibaba Group, along with other companies, was included in China's Stock Connect program. This scheme allows for cross-border investment, integrating Alibaba into a program that links the Shanghai and Shenzhen stock exchanges with the Hong Kong Stock Exchange.
This inclusion is significant for Alibaba. It follows the company's recent upgrade of its Hong Kong listing to primary status, a move expected to attract significant investment from mainland China. The Stock Connect program further facilitates this by providing broader access to investors across these markets.
These developments paint a picture of a maturing Chinese tech landscape. Increased emphasis on data privacy and user control signifies a shift towards a more sustainable and user-centric approach. Meanwhile, Alibaba's inclusion in the Stock Connect program reflects China's ambitions to create a more open and integrated financial market.
Looking ahead, it will be interesting to see how these changes continue to impact the Chinese tech industry and its attractiveness to global investors.