Categories: US

China Regulator targets technology companies registered in the US

Beijing: The day after China Cybersecurity reviews Office ordered the application store to remove the application-calling application Didi Chuxing, the regulator announced on Monday that it would investigate the platform that the job recruits Boss Zhipin, and two commercial transport platforms, for national security concerns.
A notification by Chinese regulators said that Cybersecurity reviews will be carried out against Zhipin Boss and the Yunmanman and Huochebang platform bookings – Huochebang under the full Truck Alliance, to address the national data security risk, maintain national security, and protect the public interest, the Global Times reported.
New user registration on three platforms has been blocked during the review, said the regulator.
Kanzhun, owner of Boss Zhipin, registered in the US Nasdaq on June 11 Full Truck Alliance, Chinese service that connects the sender of the goods and truck drivers conducting IPO in the US on June 22 “These companies are now registered in the US.
In this process, some important data And personal information stored by the company can leak because of US regulations.
In other words, listings in the US can cause the security risk out of the data, “Zuo Xiaodong, Vice President of the Chinese Institute of Information Security Research, told GT on Monday.
On Sundays, the Chinese Cyberspace administration ordered the online cellphone application store to take up-calling applications Didi Chuxing off their shelves because of “serious violations on laws and regulations” in the collection and use of personal information.
Chinese supervisors say severe applications violate the law and regulations while collecting and misusing user data.
The regulator said the ride-calling company to take concrete steps to improve the gaps in accordance with the law and national standards.
Last week, China’s internet supervisor began an investigation into Didi Chuxing, for problems related to national data security.
This development occurred only two days after the company made its debut on the New York Stock Exchange (NYSE), NHK World reported.
Liu Dingding, an independent technology analyst based in Beijing said that considering the current situation, more Chinese companies intend to list in the US, will have the second thought amid the security of state security on data protection.
Other experts believe that the reviews are another example of Beijing’s harsh acts of influential giants.
In early April, the Chinese government imposed a large fine on the Chinese e-commerce giant Alibaba Group.
Claiming the crackdown of anti-competitive practices among the Chinese Internet giants, Beijing has boosted its production of wider efforts to cleanse the rapidly growing operation of the technology sector and the country’s freewheeling.
China Regulator has called a technology company for alleged violations, including inconsistent prices, user privacy issues and difficult working conditions, reporting the Wall Street Journal (WSJ).
Beijing has been famous for using antimonopolic rules to curb the influence of foreign company markets.
China’s regulator has also asked citizens to help oversee the behavior of technology companies.
Technology companies have responded with promises to become good corporates.

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