1) I've not heard much analysis on the new Personal Information Protection Law draft in China. This is pretty major since it borrows from EU's GDPR (aka fines) and will have major impact on Chinese tech and beyond. Overview on the draft below and some emerging thought. Thread..
2) Draft was released to the public on Oct. 20th 2020. It's the most comprehensive legislation on personal data to date in China. Additionally, the law will provide protection of personal information of PRC residents processed outside of mainland China
3) Under PIPL a data processor may process personal data based on:
-consent of the data subject
-the necessity of executing or performing a contract
-the necessity of performing a legal obligation or legal duty
-a response to an emergent public health event or the necessity...
4) of protecting the safety of an individual’s life and property
- the publication of news and the supervision by public opinion for the public interest within reasonable scope
5)Separate opt-in consent is required for processing sensitive personal data and processors will need to require parental consent if they aware the data subject is under 14 years of age.
6) Additionally, when using automated decision-making systems or sharing personal data, separate consent as well as specific disclosure in the privacy notice is required.
7) Consumers get the right to information and explanation on the data processing, right to access and request for a copy of personal data, right to correction, right to object processing, right to withdrawing consent and right to deletion.
8) The data should be help for only the 'reasonable' time scope to do the processing. That bit is quite vague but similiar to what GDPR says.
9) For foreign entities who want to transfer data, they have three options
-obtaining certification issued by the organization as authorized by CAC
- signing cross-border data transfer agreement with overseas data receiver(s)
- other mechanisms as provided by other laws
10) Serious violations, such as illegal processing of personal data or failure to adopt necessary safeguards to protect personal data, can be fined up to RMB 50m ($7.4 million) or up to 5% of the preceding year’s revenue. Not yet confirmed whether global or just in China.
11) If GDPR experience was anything to go by I'm not looking forward to the wave of pop-ups and notification I'll be getting once this goes into effect.
12) This could put a dent in the data rich AI recommendation engines that power a lot of Chinese tech. Could Ant's risk prediction engine still be useful when they are separate from Ali and only have access to masked data?
13) Data masking and compliance is going to take off in China. Though the flip side is that start-ups now have to bear addition burden of being PIPL compliant (like in EU)
14) Chinese consumers can go either way. I know the more sophiscated ones are already weary of their data being overused but maybe large swaths may not care / understand what is at stake. We'll find out.
15) This regulation is still in draft phase and can only come out next year at the earliest, so still lots of time to change. Though it's good that the first draft is relatively aggressive as a starting position
16) Further readings: newamerica.org/cybersecurity-…

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Lillian Li

Lillian Li Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @lillianmli

21 Nov
1) Since starting a newsletter I've been thinking a lot about differentiation, and specifically how I do it. I've broken it down to three layers: new data, perspective and personality. This is the unbundling of the unbundled content. Thread time!
2) New data - basic layer - the ability to give new data on a topic that no one has covered before. For Chinese tech this is relatively easy since there's barrier to entry to understanding Chinese context and Chinese.
3 Perspective - middle layer -the curation layer where you tell readers why the new information is interesting. This utilises your unique perspective to sense make for them. I was a VC in Europe. My perspective is why an western investment practitioner would find this info useful
Read 7 tweets
20 Nov
This week I talk about Ant's future from their product range. Ant is pushing into SaaS with their blockchain, database and collaboration offerings. 1/
For Chinese consumers, trust in the products they buy remains the biggest concern. Scars from the numerous food scandals, including the infamous infant milk powder scandal in 2008 have left Chinese consumers with low trust for domestic goods. 2/
How does Ant solve this? Blockchains.

Ant has been working on blockchain technology since 2015 (Jack Ma made it very public that he was bullish on blockchain technology) and currently holds the most patents for blockchain in China. 3/ Image
Read 10 tweets
25 Oct
1) Epic speech by Jack Ma before the IPO of Ant Groups, who started with 'I'm retired so..yolo'

He touches upon the outdateness of current financial systems (Basel III) for the future, the role of regulation and cryptocurrency.

A condensed translation:
2) China's financial system development used to follow that of Europe and the US, with the thinking that we needed to catch-up. But just because it's European or American, doesn't mean these financial systems are still relevant. We need to create the systems of the future.
3) Basel III is focused on risk management and not on growth and innovation. It's not designed for the younger generation or developing countries. We can also see how Basel III has affected Europe's development. It's a set of rules for the geriatric club.
Read 20 tweets
24 Oct
Strong disagree.

My fellow oxbridge students had a strong sense of curiosity which they pursue for its own sake.

My Ivy League co-workers’s general knowledge purely came from course reading.

Oxbridge encourage intellectual curiosity

Ivy League encourages conscientiousness
The test schedule for Ivy League are like 6 times a year?

You know much I got tested at Cambridge? 1 time per year per course. Done during a week.

Also my first two years’ test results didn’t influence my final year graduation mark.

This meant a lot of time for exploration
I feel like everyone who when to Ivys tested very well throughout high school and then had to continuously test well throughout to get a good GPA to graduate.

This is a fantastic way to get diligent workers who are trained to constantly work.
Read 6 tweets
23 Oct
I come not to praise the super app. But to bury it.

The first gen Chinese tech companies went with being user centric route since they had such greenfields in front of them.

Everything was offline and vaguely dated. There was the real opportunity to leapfrog. 🧵
2) It was easier and cheaper to sell additional services to an existing user.

So food delivery apps went into hotel and flight booking. Podcasting apps went into e-commerce. Every app started having mini-games to keep the user’s attention.
3) Though the fact that every consumer app thought this way meant that every consumer app was a super app.

Pretty soon, consumers were being sold financial products from their podcast platforms, bike rentals and food delivery apps.

This got tiring v quickly.
Read 6 tweets
23 Oct
Seems like a tie between 1984, Rationalist circling and LGBTQ rights discussion.

The answer is.. Rationalist Circling.

Thread for proof 👇
LGTBQ rights is a getting a lot of traction in the younger generation.

Quick search for Bilibili reveals the following results, all with 100K+ of views.

Also breaking into the mainstream with Alibaba running this supporting ad over lunar new year. scmp.com/news/china/soc… ImageImage
1984 is readily available, both in book stores and on Tmall. Image
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!