A decade ago, few would have asked whether there might be restrictions on the exportation of alternative data from China. Rather, the conversation centered around a wave of new data types that could be collected and monetized. However, in the past five years, China has seen a rapidly evolving regulatory environment. Numerous measures, industry standards and laws concerning cyberspace governance have been newly promulgated. How have China-based alternative data providers responded to uncertainties in the current regulatory framework? In this intelligence report, we attempt to seek an answer.

Since the termination of Jumpshot early this year, the clickstream data landscape has become increasingly fragmented. We recount the events impacting the landscape and outline the options for data consumers today who wish to gain investment insights from web browser activity.