Shanghai enhances data IP protection with new system

Altogether 158 data products have passed government review after Shanghai implemented a new set of regulations aimed at recognizing and protecting the intellectual property rights associated with data-driven innovations in early December, the Shanghai Intellectual Property Administration (SIPA) said on Dec 24.

Notably, 74 of these products have been successfully listed for trading on the Shanghai Data Exchange, with the first transaction involving a staggering 100 million yuan ($13.7 million) in pledged financing.

SIPA and the Shanghai Municipal Data Bureau recently jointly issued the city's interim measures for IP registration and evidence preservation of data products, which became effective on Dec 8, marking the city's latest progress regarding protecting the rights of IP regarding data products.