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Chinese Firms Record Data

This is a China news story, published by MSN, that relates primarily to Baidu news.

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World

China wants tech companies to monetize data, but few are buying in

Summary

Nutrition label

89% Informative

Chinese firms generate staggering amounts of data daily , from ride-hailing trips to online shopping transactions.

In 2023 alone, China generated 32.85 zettabytes — more than 27% of the global total.

By 2025 , global data generation is projected to hit 174 zettitudes, or 1 sextillion bytes.

By late 2024 , only 55 listed and 228 non-listed companies in China had recorded data assets.

China has launched a national data resources platform on March 1 , a centralized hub where government bodies can list public data available for sale or trading.

Some tech companies are slowly navigating this new territory, but challenges remain for Chinese multinationals such as Alibaba and Baidu .

Despite challenges, Beijing remains steadfast in pushing its vision for data monetization to revitalize a slowing economy.

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Informative language

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semi-formal

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English

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Offensive language

not offensive

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not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

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Time-value

short-lived

External references

https://drive.google.com/file/d/1OSrIQwmYU2x4QmaHjxj-NyWtosulQBQy/view https://english.cnipa.gov.cn/transfer/news/localipinformation/923459.htm https://unstats.un.org/unsd/nationalaccount/sna.asp https://static.xcx.gw66.vip/uploadfilev2/file/0/546/499/2024-08/17231912725644.pdf https://imsportal.saif.sjtu.edu.cn/statics/uploadfiles/proffiles/64346b64-ec86-4210-93a8-7a04304344c2-1.pdf https://unstats.un.org/unsd/nationalaccount/Towards2025.asp https://english.www.gov.cn/policies/latestreleases/202410/09/content_WS670683c8c6d0868f4e8eb9d3.html https://www.kaipuyun.cn/https://www.gov.cn/zhengce/zhengceku/202412/content_6994570.htm https://sjj.hubei.gov.cn/bmdt/sjjyw/gj/202410/t20241029_5391629.shtml https://www.c114.com.cn/news/117/a1268081.html https://www.gov.cn/zhengce/2022-12/19/content_5732695.htm https://www.cigionline.org/articles/data-marketplaces-and-governance-lessons-from-china/https://www.ndrc.gov.cn/wsdwhfz/202305/t20230508_1355559.html https://thechinaproject.com/2022/10/11/the-chinese-government-wants-a-data-trading-market-but-it-may-never-happen/https://economy.caixin.com/2023-08-23/102095874.html https://bda.pku.edu.cn/info/1003/1355.htm https://www.21jingji.com/article/20250218/herald/0249312536d6fa3a2242287350c1309f.html?mc_cid=5ac15f1b0b&mc_eid=aff1138f38 https://restofworld.org/author/lizzi-c-lee/https://www.statista.com/statistics/1008055/china-number-of-registered-companies/https://www.chinadaily.com.cn/a/202408/29/WS66d02501a31060630b925a73.html

Source diversity

drive.google.com english.cnipa.gov.cn unstats.un.org static.xcx.gw66.vip imsportal.saif.sjtu.edu.cn english.www.gov.cn www.kaipuyun.cn www.gov.cn sjj.hubei.gov.cn www.c114.com.cn www.cigionline.org www.ndrc.gov.cn thechinaproject.com economy.caixin.com bda.pku.edu.cn www.21jingji.com restofworld.org www.statista.com www.chinadaily.com.cn

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