U.S. considering adding Alibaba, Tencent to China stock ban -sources – Reuters


Source: tellitlikeitisnews.com tellitlikeitisnews.com

Key Topics in this News Article:

News Snapshot:

WASHINGTON (Reuters) – The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said – a move that could inflame tensions with Beijing days before U.S. President-elect Joe Biden takes office. Defense Department officials, who oversee the designations, have not yet finalized plans to add the companies and are also discussing adding other Chinese firms, the sources said, speaking on condition of anonymity because the deliberations are private. If added, Alibaba and Tencent would be subject to an executive order...