HONG KONG ¨C China has just passed a major data-privacy law.
Inspired by the European Union¡¯s General Data Protection Regulation, China¡¯s Personal Information Protection Law (PIPL) comprises a far-reaching set of rules governing how tech companies handle user data. And, on the surface, it seems pretty tough: in fact, The Wall Street Journal hailed the PIPL as ¡°one of the world¡¯s strictest data-privacy laws.¡±
But it will probably do less to protect Chinese users than many believe, and it might even entrench further the dominance of China¡¯s incumbent tech giants.
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