China urges tech companies to step up management of critical data exports

July 30, 2021 4:14 AM EDT

FILE PHOTO: A map of China is seen through a magnifying glass on a computer screen showing binary digits in Singapore in this January 2, 2014 photo illustration. REUTERS/Edgar Su

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

BEIJING (Reuters) -China's Ministry of Industry and Information Technology (MIIT) said on Friday that big tech companies should step up the management of exporting "critical data" as well as their risk assessment of data security.

The Internet Society of China, a non-governmental organisation, has met representatives from Alibaba and its fintech affiliate Ant Group, Tencent, ByteDance, Meituan, Baidu and others to address the implementation of China's Data Security Law, under the authorisation of MIIT, the ministry said in a statement.

China has been revamping its policy towards data security and user privacy.

In September it will implement its Data Security Law, which requires companies that process "critical data" to conduct risk assessments and submit reports to authorities. It also calls on organizations that process data affecting China's national security to submit to annual reviews.

MIIT specifically called for tech companies to understand the "importance of safeguarding national security" as well as "earnestly fulfill their data protection obligations."

The Cyberspace Administration of Cyberspace (CAC) this month launched a cybersecurity review into ride-hailing giant Didi Global, calling for it to stop adding new users and for app stores to remove it.

Tencent's ubiquitous messaging app WeChat has temporarily suspended registration of new users in mainland China as part of a technical upgrade "to align with relevant laws and regulations." Tencent said the registration services will be restored once the upgrade is complete, in early August.

(Reporting by Yingzhi Yang and Brenda Goh; Editing by Jason Neely and Mike Harrison)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

General News, Reuters