News Analysis Beijing is quietly overhauling how Chinese firms handle data and these changes are likely to have global implications. The management of how firms handle data has historically drawn little interest. But with the advent of internet connected devices that can track or measure virtually every movement, governments have taken an increasing interest in who is managing what and where data is stored. In the last few weeks, Beijing has made clear the importance it places on controlling Chinese data. Recently, a new law in China went into effect with the stated intent of safeguarding Chinese data. This has had an immediate impact on firms not just in China, but around the world for seemingly basic data. For example, Beijing has advised Chinese ride-sharing app Didi to delist from the New York Stock Exchange due to data security concerns. Given that China has long blocked any attempts by U.S. …