Caixin
Jan 20, 2022 06:09 PM
BUSINESS

Internet Watchdog Casts Doubt on Document Apparently Outlining Tough New Rules for Tech Investment

What’s new: China’s cyberspace watchdog has cast doubt on the authenticity of a document that emerged online this week suggesting the agency plans to force large internet firms to seek its approval before raising cash or going public.

“The Cyberspace Administration of China (CAC) has never released such a document. This is false information,” the agency said in a statement (link in Chinese) posted to its official WeChat account, which did not elaborate.

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