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SHANGHAI, July 10 (Reuters) - 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.
The security review will put a focus on risks of data being affected, controlled or manipulated by foreign governments after overseas listings, said the Cyberspace Administration of China.
The notice comes after Chinese authorities launched a probe of ride-hailing giant Didi Global Inc for allegedly violating user privacy, days following its listing in New York.
(Reporting by Josh Horwitz; Editing by Tom Hogue and William
Mallard)
((Josh.Horwitz@thomsonreuters.com; +86 21 20830007;)
SHANGHAI, July 10 (Reuters) - 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.
The security review will put a focus on risks of data being affected, controlled or manipulated by foreign governments after overseas listings, said the Cyberspace Administration of China.
The notice comes after Chinese authorities launched a probe of ride-hailing giant Didi Global Inc for allegedly violating user privacy, days following its listing in New York.
(Reporting by Josh Horwitz; Editing by Tom Hogue and William
Mallard)
((Josh.Horwitz@thomsonreuters.com; +86 21 20830007;)