ByteDance Said to Have Met With Officials Over Data Security

Bloomberg2021-07-12

TikTok owner ByteDance Ltd.is working to ensure it complies with data security requirements after meetings with government officials over the issue earlier this year, a person familiar with the matter...

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精彩评论

Pierroye
2021-07-12
Pierroye
Good to know
EmmyLok
2021-07-12
EmmyLok
got it
gnossor
2021-07-12
gnossor
Got it
gnossor
2021-07-12
gnossor
Got it
Annalz
2021-07-12
Annalz
🤣 Crazy regulation wave
SaveHK
2021-07-12
SaveHK
Beware of value trap😰

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ByteDance’s considerations about going public had been in flux even beforeDidi Global Inc.’s IPO in New York sparked a regulatory backlash, and the company is approaching any potential IPO cautiously, people familiar with the matter said Monday, asking not to be identified discussing private information.\nByteDance meets regularly with Beijing regulators about a range of issues, including data security, and the March discussions were part of that ongoing process, according to one person. Founder Zhang Yiming did not attend the March meetings, the person said. A ByteDance representative declined to comment.\nCompanies seeking to raise capital in overseas markets are now facing greater scrutiny, after China on Saturday proposednew lawsthat will require virtually all firms heading for an IPO outside of China to undergo a cybersecurity review. Didi had gone ahead to list in New York in June, even though Bloomberg News reported regulators asked it as early as three months ago todelaythe debut. Authorities have since commenced a cybersecurity probe into the firm and removed its services from Chinese app stores.\nThe Wall Street Journal earlier reported the March meetings with regulators, adding that ByteDance put on hold indefinitely its intentions to list offshore earlier this year after Chinese officials told the company to address data-security risks. 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