Former Chongqing mayor and economic policy official Huang Quifan gave a speech in late October that advocated a ‘data tax’ at a financial conference in Shanghai, in which he said the benefits gained from data accumulated by tech giants such as Alibaba and Tencent should be returned to society, and that the state should have jurisdiction over personal data and the right to trade it.
“Platforms that possess large amounts of personal information should return 20% to 30% of revenue generated by transactions to the producers of that data,” Huang Qifan, who played a large role in developing Pudong New Area, was quoted as saying. His remarks on data revenue make it highly likely that the issue is being discussed by the government.
Read the full report: Nikkei Asia.
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