China further tightens grip on tech sector

China yesterday announced new rules for its tech sector in a move set to further tighten Beijing's grip over its sprawling technology sector. The Cyberspace Administration of China (CAC) said it would put in force new rules that will boost oversight over how its platform companies make plans to list abroad or use



recommendation algorithms.

The Cyberspace Administration of China (CAC) said it would implement new rules from February 15 that require platform companies with data for more than 1 million users to undergo a security review before listing their shares overseas.