China will tighten data privacy rules for tech companies seeking foreign investment

China is tightening restrictions on businesses seeking to go public overseas amid a wave of Chinese origin IPOs in the US. Regulators have thrown down the gauntlet for local companies by announcing new privacy rules for those seeking foreign stock market listings, according to Reuters. As a result, any company that has data on more than a million customers must face a review into how they handle that info in order to receive permission for a foreign IPO. Regulators will scrutinize the risks of s...