How do people not think that China is also a hyper capitalistic society, especially in the tech sector. Your data is 100% being sold if you are on any Chinese platform, just like in the U.S.
If anything, Chinese big tech tends to be less privacy-respecting than the west, because they don’t need to operate in area with basic privacy laws, like Europe and California; and there are much less alternative products to choose from because of the GFW.
The founder and CEO of Baidu openly stated that “Chinese people are less sensitive about privacy, which gives us more data to work with” See https://m.163.com/dy/article/DDRTB01Q0511FQO9.html?spss=adap_pc
You are right, but I imagine it is harder to sue a company over GDPR if they don’t even exists in Europe…