Worsening US-China relations can lead to increasing regulatory challenges or "enhanced restrictions against China and other Chinese technology companies, including us and Alibaba", Ant Group warned investors on Monday, in its IPO prospectus. Such restrictions can come in a wide range of areas such as data security and privacy, emerging technologies, “dual-use” commercial technologies and "applications that could be deployed for surveillance or military purposes", among other things, the Ant Group said. In its long-awaited and historic IPO filed on Monday, Ant Group — the payments and fintech arm of China's Alibaba Group — cited US-China relations as one of the risk factors to its business. The company runs Alipay, one of China's most popular payment services, but it now has interests in insurance, wealth management, micro-loans, and also sells enterprise financial products to businessess. Revenues from digital finance technology…
- Indian government issues advisory prohibiting surrogate ads by betting platforms October 4, 2022
- Why an Indian VPN provider is suing the government over the new cybersecurity rules October 4, 2022
- Roundup: Airtel Launches 5G in India, Telecom Minister Targets a Fast 200-city coverage October 4, 2022
- Summary: EU’s Cyber Resilience Act for cybsersecurity of digital products October 4, 2022
- Why the US wants to regulate the Buy Now, Pay Later (BNPL) industry October 4, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...