G-7 to impose disclosure rules on US and Chinese tech giants

Alibaba, Tencent and GAFA will need to show how data is being used

New rules will be applied to social media services such as Tencent's WeChat, which accumulates vast amounts of data from users around the world.

RYOHEI YASOSHIMA, Nikkei staff writer

March 12, 2019 05:34 JST

TOKYO -- Social media platforms and digital service providers around the world, led by American giants Facebook and Google, as well as China's Alibaba Group Holding and Tencent Holdings, are set to face tougher requirements for transparency, as the Group of Seven looks to devise industry-wide rules to protect consumers.