China targets tech firms with wider clampdown on foreign IPOs


Source: cnbc.com cnbc.com

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In this article TMT-GB DIDI A mobile phone shows the Didi Chuxing app and its stock price, Yichang, Hubei Province, China, July 6, 2021. Costfoto | Barcroft Media | Getty Images China's cyberspace regulator said on Saturday any company with data for more than 1 million users must undergo a security review before listing its shares overseas, broadening a clampdown on its large "platform economy." The security review will put a focus on risks of data being affected, controlled or manipulated by foreign governments after overseas listings, the Cyberspace Administration of China (CAC) said, posting the proposed rules on its...