Nixon Peabody LLP

  • People
  • Capabilities
  • Insights
  • About

Trending Topics

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni

    Practices

    View All

    • Affordable Housing
    • Community Development Finance
    • Corporate & Finance
    • Cybersecurity & Privacy
    • Environmental
    • Franchising & Distribution
    • Government Investigations & White Collar Defense
    • Healthcare
    • Intellectual Property
    • International Services
    • Labor & Employment
    • Litigation
    • Private Wealth & Advisory
    • Project Finance
    • Public Finance
    • Real Estate
    • Regulatory & Government Relations

    Industries

    View All

    • Cannabis
    • Consumer
    • Energy
    • Entertainment
    • Financial Services
    • Healthcare
    • Higher Education
    • Infrastructure
    • Manufacturing
    • Non Profit
    • Real Estate
    • Technology

    Value-Added Services

    View All

    • Alternative Fee Arrangements

      Developing innovative pricing structures and alternative fee agreement models that deliver additional value for our clients.

    • Continuing Education

      Advancing professional knowledge and offering credits for attorneys, staff and other professionals.

    • Crisis Advisory

      Helping clients respond correctly when a crisis occurs.

    • DEI Strategic Services

      Providing our clients with legal, strategic, and practical advice to make transformational changes in their organizations.

    • eDiscovery

      Leveraging law and technology to deliver sound solutions.

    • Global Services

      Delivering seamless service through partnerships across the globe.

    • Innovation

      Leveraging leading-edge technology to guide change and create seamless, collaborative experiences for clients and attorneys.

    • IPED

      Industry-leading conferences focused on affordable housing, tax credits, and more.

    • Legal Project Management

      Providing actionable information to support strategic decision-making.

    • Legally Green

      Teaming with clients to advance sustainable projects, mitigate the effects of climate change, and protect our planet.

    • Nixon Peabody Trust Company

      Offering a range of investment management and fiduciary services.

    • NP Capital Connector

      Bringing together companies and investors for tomorrow’s new deals.

    • NP Second Opinion

      Offering fresh insights on cases that are delayed, over budget, or off-target from the desired resolution.

    • NP Trial

      Courtroom-ready lawyers who can resolve disputes early on clients’ terms or prevail at trial before a judge or jury.

    • Social Impact

      Creating positive impact in our communities through increasing equity, access, and opportunity.

    1. Home
    2. Insights
    3. Articles
    4. Data security concerns hinders IPO market for Chinese companiesArticles

    Article

    Data security concerns hinders IPO market for Chinese companies

    July 12, 2021

    Share

    By Andrew Share

    ByteDance, the Chinese company that owns TikTok, had put its IPO plans on hold earlier in the year due to warnings from Chinese regulators concerning data security risks.

    The Wall Street Journal reports today that ByteDance, the Chinese company that owns TikTok, had put its IPO plans on hold earlier in the year due to warnings from Chinese regulators concerning data security risks. According to the WSJ, ByteDance's decision was made, in part, due to recommendations from the Chinese cyberspace and securities regulators to focus on addressing data-security risks before listing offshore.

    According to the WSJ, ByteDance is one of a handful of internet companies asked by Chinese authorities to conform to strict data regulation practices. As a result, observers speculate there will be a continued and heightened focus on IT firms that express an interest in listing in the U.S. and other foreign markets.

    Whether this results in a crackdown on influential Chinese companies remains to be seen. Still, it is becoming apparent that strict compliance with increasingly rigorous data-security requirements can have a chilling effect on not just a company's operations but the public markets as well.

    Nixon Peabody’s Cybersecurity and Privacy Team will continue to monitor developments.

    CybersecurityChinaCybersecurityPrivacy

    Practices

    Cybersecurity & PrivacyChina

    Subscribe to stay informed of the latest legal news, alerts, and business trends.Subscribe

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    • © 2023 Nixon Peabody. All rights reserved
    • Privacy Policy
    • Terms of Use
    • Statement of Client Rights
    • Supplier Diversity Program
    • Nixon Peabody International LLC
    • PAL