DOMESTIC corporate database operator Qichacha has passed a data export security assessment newly required by the government and is set to launch an overseas version of its database in several countries, Xinhua reported.

Qichacha, which is widely used to research companies in China, said in a press release Friday that it is the first company to pass the Cyberspace Administration of China’s data export security assessment for a platform providing inquiries into data around corporate creditworthiness.

Reuters reported in May, citing sources, that Qichacha and other data providers such as TianYanCha had stopped services for offshore users.

The government has in recent years implemented cybersecurity, data and privacy laws that require organizations with large user bases to undergo assessments and seek approvals to use the data they collect.

Regulators introduced rules requiring data exports to undergo security reviews last year.

In October, the cybersecurity regulator issued draft rules that eased restrictions on sending data outside of the mainland.

Established nine years ago, Qichacha has grown into a formidable force in the corporate information sector, amassing more than 400 million users.

The firm provides detailed insights into millions of businesses, offering vital data such as company addresses, contact details, ownership structures and legal history. (SD-Agencies)