In the News: China OKs Pilot Program for Foreign-Owned Data Centers; WeRide and More Chinese EV IPOs; and Austrian Starlinger Settled IP Case

October 31, 2024 | BY

Clarence Lee &Krista Lee

Pilot project allows Tesla and HSBC to independently operate data centers in China; WeRide's lead legal adviser comments on overseas IPOs; and Austria's Starlinger settles patent infringement case with Chinese machine manufacturers.

data center Credit: shock/Adobe Stock

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China to Partially Open Telecommunications Market

As of Oct. 23, foreign companies can engage in wholly foreign-owned value-added telecommunications services such as internet data centers in four regions of the country. This is part of a pilot project, CCTV reported.

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