China companies count data holdings as assets under new accounting rules

China Unicom and others log $146m in assets as government eyes international precedent

20241216N Shanghai MWC

China Unicom has recorded data from its 345 million mobile subscribers as an asset on its balance sheet. © Reuters

NORIYUKI DOI, Nikkei staff writer

SHANGHAI -- More Chinese companies are recording the data they hold as assets on their balance sheets this fiscal year under new rules set by the government, as Beijing looks to gain an early-mover advantage in influencing international standards.

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