China’s tech firms stand by for new rules in Europe as EU readies Digital Services Act to rein in US giants

China’s tech firms stand by for new rules in Europe as EU readies Digital Services Act to rein in US giants

Chinese tech giants, including the video sharing app TikTok, are likely to be subject to the European Union’s new proposal that seeks to rein in US social media, e-commerce and advertising platforms, with potential fines of up to 10 per cent of their annual turnover for breaches.

The future of Chinese tech firms – alongside their more popular American counterparts such as FacebookGoogleAmazon and Apple – in Europe is shrouded in uncertainty as the EU prepares to unveil its Digital Services Act.

Digital policies form a big part of the EU’s quest for strategic autonomy as it looks to counter US firms’ disregard for privacy and the fuelling of disinformation, as well as Chinese companies’ alleged acquiescence to illiberal government practices.