Authored by: Mengbi (Morgan) Jiang, Chaojun Zhang and Wenqing Guo

On 10 April 2024, the Ministry of Industry and Information Technology (“MIIT”) of China released the Circular on the Pilot Scheme for the Further Opening of Value-Added Telecom Services to Foreign Investment/工业和信息化部关于开展增值电信业务扩大对外开放试点工作的通告 (“MIIT Circular”), announcing that China will remove foreign ownership restrictions on certain value-added telecom services provided within domestic pilot areas (“Pilot Areas”). For the first time, the internet data center and its sub-item internet resource collaboration business are open to foreign capital other than those from Hong Kong SAR and Macao SAR.

Read More