Hey. It’s Brady again.
As far as we can tell, no country in the world is moving as fast as China to define new regulations for tech companies. In a way, this mirrors the hypertrophic pace of development that has defined the country’s tech scene for more than a decade. “Move fast and break things” might have been coined by Mark Zuckerberg, but that ethos was embraced in the fullest sense in East Asia.
We’re less than two weeks from China’s Personal Information Protection Law (PIPL) taking effect. Tencent has formed an independent oversight board to make sure its actions and services are in line with PIPL.
Tencent is—again, as far as we can tell—the first company in China to take this step. The exact mechanisms of how this third-party entity will function are unclear at the moment, so it remains to be seen whether it will truly have an impact on Tencent’s operations.
There’s more to the story. Jiaxing wrote about it. Check out her article here.
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