China Tightens Grip On Tech Companies With Crackdown On Foreign IPOs
by Tyler Durden Saturday, Jul 10, 2021 - 08:00 PM China's unprecedented crackdown on its burgeoning (for now) tech industry just won't stop and overnight, China's Cyberspace Administration of China - the same entity responsible for the crackdown on Didi - proposed new rules that would require nearly all companies seeking to list in foreign countries to undergo a cybersecurity review, a move that would significantly tighten oversight over its internet giants. tech platform companies that possess the personal data of at least 1 million users will have to apply for approval from the Cybersecurit...