China’s Top Social Networks Face Investigation under the Cybersecurity Law

Most international companies have adopted a mere wait-and-see approach regarding the compliance with China’s new Cybersecurity Law. Now, the recent investigation against the country’s top social media providers definitely sets off alarm bells – it is time to take compliance with China’s Cybersecurity Law seriously. In early August, the Cyberspace Administration of China (CAC) has… Continue reading China’s Top Social Networks Face Investigation under the Cybersecurity Law

China’s Social Credit System – A Revolution in the Market Regulation?

China’s Social Credit System is a big data-enabled toolkit for constant monitoring of all market participants in respect to compliance with laws and rules. Its core concept is the self-restriction of economic actors. Based on massive data collection, ratings are generated for each market participant. These ratings are publicly available and can result in rewards… Continue reading China’s Social Credit System – A Revolution in the Market Regulation?