Security News > 2021 > October > 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 services in the country.

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.

Although the relaxations are bound to bring foreign investments that will result in the changing of administrative dynamics and possibly also policy changes, China is not abandoning tight control over internet access.

What China wishes to achieve through this policy amendment is to boost its various service industries.

News URL

https://www.bleepingcomputer.com/news/government/chinas-vpn-market-now-open-to-foreign-investment/