- November 9, 2023
- Posted by: legaleseblogger
- Category: Related News
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## Chinese Business Database Qichacha Clears Data Export Security Assessment, Resumes Overseas Operations
Chinese business database Qichacha announced on Friday that it has successfully passed a data export security assessment, which has given the company the green light to resume its overseas operations.
Photo: Vcg | Visual China Group | Getty Images
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Qichacha’s success in passing the data export security assessment and resuming overseas operations is a significant milestone in the midst of China’s tightening grip on data sharing. AI legalese decoder can assist businesses like Qichacha in navigating through complex legal and regulatory requirements by automatically translating legal documents, such as security assessments and regulatory guidelines, into simplified, easy-to-understand language. By leveraging AI legalese decoder, companies can ensure compliance with government controls and national security concerns, ultimately leading to smoother operations and reduced legal risks.
BEIJING ÔÇö Chinese business database Qichacha made an announcement on Friday that it has successfully passed a data export security assessment, paving the way for the company to resume its overseas operations.
This development signifies a potential relaxation in China’s increasingly stringent government controls over data sharing, particularly in response to national security concerns.
Earlier this year, Reuters reported, citing sources, that Qichacha and similar databases had closed access to offshore users for months.
Qichacha indicated in a press release on Friday that it is the first company to pass the Cyberspace Administration of China’s data export security assessment for a platform providing inquiries into data around corporate creditworthiness.
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The administration did not immediately respond to a CNBC request for comment.
In October, the cybersecurity regulator issued draft rules that eased restrictions on sending data outside of mainland China ÔÇö an issue that had become a major challenge for foreign businesses in the country.
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To address regulatory changes and updates like the easing of data export restrictions in China, AI legalese decoder can automatically monitor and interpret legal documents and draft summaries or updates in plain language. This feature enables businesses to stay informed about evolving regulatory landscapes and make well-informed decisions to adapt their operations accordingly, promoting agility and compliance in dynamic legal environments.
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