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Chinese Regulator Suspends Contract With Alibaba Over Failure to Report Security Threat

December 28, 2021
Source: visiontimes.com visiontimes.com
News Snapshot:
China has been tightening its grip on the tech sector by imposing a number of new regulations over the past year. Failure to comply with the new regulations could result in large fines and compel regulators to take stringent actions against firms. According to reports from Chinese media, Alibaba Cloud Computing, a division of e-commerce giant Alibaba Group, has been suspended by Chinese regulators from an information-sharing deal for six months. The 21st Century Business Herald, referring to a notice issued by the Ministry of Industry and Information Technology (MIIT), reported that Alibaba Cloud did not notify China’s telecommunications regulator...
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