A new cybersecurity industry plan is being drafted by the Chinese Ministry of Industry and Information Technology. It’s a three-year plan aiming to build the country’s cyber-security industry, estimating the sector may be worth more than 250 billion yuan by 2023. All data-rich tech companies with 1mn+ users were asked to undergo security reviews before being listed overseas. The draft follows the case of DiDi Chuxing for alleged violation of data privacy laws.

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