Global Data Ecosystem Conference 2021 was held in Shanghai on November 25, 2021. The Shanghai Data Exchange was established on the same day and a total of 20 data products were listed, covering eight categories such as finance, transportation and communication. Shanghai Public Transportation Card Co., Ltd. (hereinafter “SPTCC”), a subsidiary of Shanghai Jiushi (Group) Co., Ltd., made the first transaction of its data product “Jiushi Keliubao” (the passenger flow statistics and analysis system) successfully listed on the Exchange.

SPTCC engaged Watson & Band Law Offices to assess the legal compliance of listing and transaction of its data product “Jiushi Keliubao” on the Shanghai Data Exchange. The Data Law Service Team of W&B made a full-scale analysis and demonstration of “Jiushi Keliubao” in terms of the legitimacy of data resources, tradability and data flow security, and issued assessment opinions on compliance of the listing and transaction of the data product, thus clearing the way for its successful listing. This project is handled by partner Cathy Wu and lawyers Xin He and Siyuan Li, under the direction of Prof. Fuping Gao, Senior Partner of W&B.

Founded on May 25, 1999, SPTCC is a public service enterprise providing services ranging from the public transportation information service to the construction, operation and settlement of the system of Shanghai public transportation, highway transportation and city tour cards. The listing of SPTCC’s data product “Jiushi Keliubao” would help optimize urban planning and build a smart city of Shanghai.

By virtue of an accurate understanding and long-term in-depth research of data-related laws and regulations, legislation logic and judicial practices, the Data Law Service Team of W&B is dedicated to providing financial and medical institutions, Internet enterprises, public institutions and government authorities, etc. with all-round legal services, including but not limited to compliance of privacy policies and user agreements, development, compliance and transactions of data products, consultation services regarding data business, data-related litigation and risk responses.