The Chinese central government in Beijing has decided to allow foreign companies to invest in ownership of VPN (virtual private network) services in the country.
Under this new policy, foreign investors can only own up to 50% of China-based VPN companies. This allows China to retain state control over local and approved products while providing significant investment incentives.
Aside from VPNs, the policy update Also includes changes to information services investment caps for app stores, internet connection services, and more.
This is somewhat surprising for a country that has been fighting foreign VPNs for years, hindering their presence in China, and fines and other penalties for users who ignored the ban orders.
The case against VPNs was that they allowed users to override what is known as the “Great Firewall” and access foreign websites that would otherwise be inaccessible due to the government …