China has updated its regulations on driverless car testing in an attempt to accelerate the commercialization of self-driving technology, reported Caixin. The revamped regulation, which was jointly published by the Ministry of Industry and Information Technology, the Ministry of Public Security and the Ministry of Transport on Friday, allows qualified firms to conduct trials of autonomous […]
Category: Law & Regulation
China ordered 25 technology companies to carry out internal inspections as part of a campaign to root out illegal online activity, reported Bloomberg. The Ministry of Industry Information Technology told its largest internet and hardware companies including Alibaba and Tencent on Friday to carry out internal reviews and fix issues ranging from data security to consumer rights protection. […]
China-based companies will have to disclose more about their structure and contacts with the Chinese government before listing in the US, the Securities and Exchange Commission said on Friday, reported the Financial Times. Gary Gensler, the chair of the US corporate and markets regulator, has asked staff to ensure greater transparency from Chinese companies following […]
If there was ever any doubt, this last week has shown just how determined Those in Command are to maintain absolute control over all elements of the system and society, regardless of the implications for growth, innovation and even investment. The hammering of tech firms, most notably Tencent, and the stringent controls on education-related companies, […]
At the sprawling Beijing headquarters of Gaotu Techedu, one of the world’s biggest online education businesses, staff are braced for the worst after the group lost over 90% of its market value in a matter of months, reported the Financial Times. “They’ve been laying people off these last few days,” said one employee this week […]