How new data security rules will reshape China’s Internet industry?

How new data security rules will reshape China’s Internet industry?

Photo: SenseTime Group

A planned Hong Kong share sale by SenseTime Group Inc. is attracting close attention from investors looking for clues as to how Beijing’s new rules on cybersecurity will affect overseas listings by artificial intelligence companies and other data-intensive businesses.

An initial public offering (IPO) by SenseTime, China’s largest artificial intelligence (AI) company, won clearance at a Nov. 19 hearing of the Hong Kong Stock Exchange (HKEX). That was five days after Beijing issued new draft rules that share sales outside the Chinese mainland are subject to heightened scrutiny on exporting data that could affect national security.

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