摘要： Police are once again clamping down on companies that operate in the shadowy intersection between internet finance and big data, raising the stakes after two years of intermittent crackdowns on China’s big data industry, multiple sources have told Caixin.
Police are once again clamping down on companies that operate in the shadowy intersection between internet finance and big data, raising the stakes after two years of intermittent crackdowns on China’s big data industry, multiple sources have told Caixin.
Authorities have come down much harder on the industry this time around. Since early September, multiple big data and data-scraping companies, as well as online lenders, in Beijing, Shanghai, Shenzhen and Hangzhou have come under investigation, with even company executives and founders getting caught up in probes, the sources said. That’s different from in the past, in which investigators mostly just questioned lower-level employees.
The intensifying crackdown is significant because of the role that these big data companies have played in gathering borrowers’ personal information — some of which has been obtained illegally — that has at times been used by debt collectors that employ shady practices.
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Full Text： caixinglobal
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