Digital Economy

As a new economic form leading the future, the digital economy has become an important engine for promoting high-quality development. During the 14th Five Year Plan period, the Chinese government has introduced new policies and measures to support the development of the digital economy, explicitly recognizing data as a new type of production factor, officially confirming the basic resource status of data at the national level, and officially opening a new stage of the digital economy society.

With the development of the digital economy society, it is urgent for all sectors of society to study and analyze the new production relations and legal relations arising from the digital economy society from both theoretical and practical perspectives, such as flexible employment labor relations in the sharing economy, the entrusted relationship between personal information processors and personal information subjects, and the legal responsibilities and rights of multiple parties in the construction of smart cities.

In the era of digital economy, data security and compliance are the primary issues faced by enterprises. If enterprises cannot ensure basic data security and compliance with data processing activities, they will face multiple security incidents such as data breaches and data loss. At the same time, data, as an important resource and new asset, has become a new type of commercial activity that requires sound laws, regulations, and transaction agreements to help achieve. On the other hand, the development of new technologies such as artificial intelligence, blockchain, and intelligent manufacturing continues to shape the form of the digital economy and society, posing new legal requirements for the digital age.

In 2020, King&Wood Mallesons established the first international innovative comprehensive legal service platform in China that focuses on legal research and services in the field of digital economy - the King&Wood Mallesons Digital Economy International Legal Service Center (hereinafter referred to as the "Digital Center"). It integrates top industry resources, forms a cross departmental and multidisciplinary research team, puts the concept of "law+digital economy" into practice, participates in digital economy legislation and rule making, transforms cutting-edge research into commercially valuable services and products, and helps corporate clients successfully respond to the new challenges of the digital economy wave.

In this topic, you will see King&Wood Mallesons' in-depth observations on cutting-edge issues such as network security, data compliance and governance, artificial intelligence, and data asset trading in the digital economy era.