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China regulator says Alibaba, Tencent have submitted app algorithm details
Global Banking & Finance Review®
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SHANGHAI (Reuters) – China’s top internet watchdog said on Friday tech giants such as Tencent Holdings and Alibaba Group have submitted details of algorithms used in some of their products, complying with a drive by authorities to tighten oversight of platform algorithms.
SHANGHAI (Reuters) – China’s top internet watchdog said on Friday tech giants such as Tencent Holdings and Alibaba Group have submitted details of algorithms used in some of their products, complying with a drive by authorities to tighten oversight of platform algorithms.
The rules are part of a broad regulatory crackdown by Beijing against its once free-wheeling technology sector. State media had accused internet platforms of using algorithms to invade user privacy and influencing their choices.
The Cyberspace Administration of China (CAC) published a list of 30 algorithms used in some of the country’s most popular apps, including Alibaba’s Taobao，Tencent’s Wechat，Meituan and ByteDance’s Douyin, with brief descriptions of their use and gave them classification numbers.
It was the first list it published since China in March passed new regulations for algorithm recommendation services and launched a filing system requiring firms to companies to disclose they used in their apps.
The CAC’s list, for instance, said the Taobao app had logged with it a recommendation algorithm that crunched each user’s visit and search history to recommend them products and services, while Meituan had provided details of the algorithm it used to estimate delivery times and match riders.
Other companies on the list included Chinese online search giant Baidu, short video platform Kuaishou and microblogging site Sina’s Weibo.
(Reporting by Josh Ye and Brenda Goh; editing by David Evans)
An algorithm is a set of rules or instructions designed to perform a specific task or solve a problem, often used in computing and data processing.
User privacy refers to the rights and expectations of individuals to control their personal information and how it is collected, used, and shared.
Compliance in finance refers to the adherence to laws, regulations, and guidelines set by governing bodies to ensure ethical and legal standards are met.
A regulatory framework is a system of rules and guidelines that govern the operations and practices within a specific industry or sector.
An algorithm recommendation service uses algorithms to analyze user data and provide personalized suggestions or recommendations based on user preferences and behavior.
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