The digital economy has emerged as the main economic form in the world amid the global wave of digital transformation and has become the core driving force for China's economic and social development. Data is one of the key elements of the digital economy. The combination of data and algorithms propels business model innovation and facilitates the development and iteration of innovative products and services. With the rapid advancement of regulations on data security, compliance, and development, corporate compliance and digital transformation have increasingly become the norm. The importance and urgency of understanding and analyzing issues related to digital services across various industries are growing daily. At Dacheng, we have established the Digital Business Research Center to promote knowledge sharing, experience exchange, and professional development in the digital transformation practice area, provide professional support and services to lawyers in this practice area, and improve our business structure and operational capabilities in this practice area.
The Digital Business Research Center serves as a platform for the integrated development of services and expertise in the digital transformation practice area. The center integrates our internal resources while also bringing in and expanding external ecosystems. It is committed to conducting continuous research on digital transformation legal services, launching competitive service models that are adapted to the specific characteristics of each sector and the preferences of clients, and developing integrated, one-stop solutions. Additionally, the center designs commercially viable solutions for the digital business of clients, leveraging its understanding of the needs of our clients to assist the clients in fully utilizing and developing their data resources and help them build trust in their brands in the business development process.
The Digital Business Research Center provides legal services spanning a wide array of industries, including real estate, construction, manufacturing, mining, energy, telecom, media, finance, and technology. Additionally, the center has several business segments, including data security and personal information protection, cross-border data transmission, corporate listing data compliance (including cybersecurity review), data asset transactions and data element projects, automotive industry data compliance, AI and algorithm supervision, and data security incident investigation and response. The center places a strong emphasis on data compliance and provides full-process legal services for data compliance in all fields, including data element application, the authorized use of public data, the establishment of personal information protection systems, data export risk assessment, cybersecurity multi-level protection filing, and cybersecurity review declaration. It meets all the needs of clients in the field of digital practice. Moreover, the center actively participates in the formulation of laws, regulations, and standards in the data field, supporting the guidance for the industry.
The Digital Business Research Center is also dedicated to developing data compliance legal solutions to meet the diverse needs of our clients. It has made great achievements in establishing a database of data-related laws and regulations, the analysis of countries and regions for establishing cross-border data transmission whitelist mechanisms, and providing law enforcement and compliance guidelines for illegal and irregular collection of personal information by apps, data security and personal information protection regulations and process guidelines, data analysis service agreement templates, and data asset compliance due diligence questionnaires.
Our lawyers at the Digital Business Research Center have strong expertise and rich experience. With such an exceptional team of lawyers, we are capable of providing integrated, around-the-clock, seamless data security and compliance legal support for our clients and offering the best solutions to any legal challenges our clients may encounter in various jurisdictions, serving as a trusted strategic partner for our clients.
Looking ahead, the Digital Business Research Center will continue to collaborate closely with our other specialized departments to integrate professional resources and innovate our service models. We aim to deliver professional, unique, and competitive legal services and solutions to both new and existing clients, further enhance the quality of our legal services, and support the ongoing development of data business.
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