U.S. attempts to exclude Chinese access to AI chips by designating ‘gatekeeper’ companies; Shein’s UK IPO application scrutinized over forced labor concerns; and China’s AI Standards Committee to include executives from tech giants
Personal information handlers of the Greater Bay Area are required to make publicly available its rules for processing personal information. 5600/24.11.21, ISSUED: 2024-11-21
While companies from third countries do not necessarily need to divest from China to invest in the U.S., they should be prepared for CFIUS scrutiny of their China operations
State Intellectual Property Office issues guidelines on AI as patent inventors; German and British companies are less optimistic about their China prospects, with a caveat; and U.S. adds a range of companies involved in Chinese chipmaking to Entity List
China releases a pilot plan to allow wholly foreign-owned hospitals in major cities such as Beijing and Tianjin; China to require tech operators to improve the security capabilities of recommendation algorithms; and Australian blueberry producer wins over unlicensed Chinese nursery
EU to ban products and components involved in forced labor; EU plans to require tech transfers for Chinese companies to obtain subsidies; and Shanghai court’s opinion allows Chinese individuals to own cryptocurrency
Chinese developer sues Apple for removing its app from the App Store; CSRC requires increased shareholder returns to boost stock prices; and Foreigners are choosing to work remotely instead of moving to China
SAMR tightens rules on SEPs to protect competition; Lawsuit defines scope of search engines’ obligations on search result algorithms; and China promotes carbon neutrality in new environmental energy law.
As the international picture remains uncertain, Chris Niewoehner, Jessica Rothschild and Lin Yang of Steptoe LLP examine the particular challenges faced by Chinese companies caught up in U.S. criminal cases
The final rules of reverse CFIUS differ from the draft version; China changes its foreign investment rules to attract more long-term and high-quality investments; and Chinese data center company raises $1 billion from U.S. PE investors.
