What GDPR means for Asia’s tech giants

Brussels is taking the lead on curtailing internet platforms’ privacy invasions and market power: bad news for investors in the digital economy and ecosystems that have built their business models on big data analysis. It heralds the end of self-regulation.
Inboxes around the world are clogging up with requests from businesses that you may barely remember ever using to store your personal data. Much of the time the response is Lose my number.
 
This deluge of spam has been triggered by the European Union’s biggest change to data privacy law in 20 years. 
 
The General Data Protection Regulation 2016 GDPR came into force on May 25 and bolstered EU residents’ rights to control their own data. At the same time it imposes a significant compliance burden on businesses as well as threatens to strip them of customers who...
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