China's VPN Market Now Open To Foreign Investment
The central government of China in Beijing has announced a decision to allow foreign entities to invest in the ownership of VPN (virtual private network) services in the country. From a report: Under this new policy, foreign investors can only own up to 50% of China-based VPN companies. This allows China to retain state control over local and approved products while still offering a significant incentive for investment. Apart from VPNs, the policy update also includes changes in the investment caps on information services for app stores, internet connection services, and more. This comes as somewhat of a surprise for a country that has been fighting foreign VPNs for years now, hindering their presence in China and imposing fines and other penalties to users who ignored the banning orders.
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