Nov 29, 2021 07:45 AM

Cover Story: How Will New Data Security Rules Reshape China’s Internet Industry?

A planned Hong Kong share sale by SenseTime Group Inc. is attracting close attention from investors looking for clues as to how Beijing’s new rules on cybersecurity will affect overseas listings by artificial intelligence companies and other data-intensive businesses.

An initial public offering (IPO) by SenseTime, China’s largest artificial intelligence (AI) company, won clearance at a Nov. 19 hearing of the Hong Kong Stock Exchange (HKEX). That was five days after Beijing issued new draft rules that share sales outside the Chinese mainland are subject to heightened scrutiny on exporting data that could affect national security.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
Caixin Biz Roundup: China’s Covid Caseload Hits Six-Month High