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China"s cybersecurity regulator said on Thursday it has fined ride-hailing giant Didi Global Inc more than 8 billion yuan ($1.19 billion), sending a strong message to the internet industry that it is vitally important to strengthen protection of data security and personal information. The decision shows that China is aligning with international practices in toughening regulations on data breaches, highlighting the fact that prioritizing data security has become essential for the healthy development of companies, industry experts said. The Cyberspace Administration of China said a one-year cybersecurity review has found clear evidence that Didi violated the Cybersecurity Law, the Data

Chinese Institute of New Generation Artificial Intelligence Development Strategies released its latest New Generation AI Technology Industry Region Competitiveness Evaluation Index during the Six World Intelligence Congress in Tianjin on June 25. The report notes that the key factors to boost AI development include accelerating the opening-up of application scenarios, gathering innovative resources, rolling out regional supportive policies, active responses from local governments and fostering a highly open industrial innovation ecosystem. The report ranked the top 10 regions in China in terms of their AI industry competitiveness. Let"s take a look.

The State Administration for Market Regulation, China"s top market regulator, raised the turnover bar for the declaration of the concentration of operators for companies in a revised draft that was released for public comment on Monday. According to the draft, the country will raise the bar for companies to declare the concentration of operators, from the current 10 billion yuan ($1.5 billion), 2 billion yuan and 400 million yuan to 12 billion yuan, 4 billion yuan and 800 million yuan respectively, in terms of global turnover, turnover in China and unilateral turnover in China.  Businesses with a turnover under the