Chinese “Alibaba” in front of the cave of the American blacklist

Advertisement

BEGIN ARTICLE PREVIEW:

On Thursday, the US State Department submitted a proposal for the Trump administration to add the Chinese Ant Group, Alibaba’s financial technology unit, to the commercial blacklist before the fintech company went public. And US President Donald Trump said at a press conference last August that he was “looking” whether to ban the Chinese technology giant Alibaba in the United States. It is unclear when the US government agencies that decide which companies to add to the entity list and include the Departments of State, Defense, Energy and Trade, will review the matter. The move comes weeks before the start of the US presidential election, as the Trump administration seeks to send a message to deter American investors from participating in the Ant Group’s initial public offering. The value of the dual initial public offering in Shanghai and Hong Kong could reach $ 35 billion. Although Ant Group had been planning to hold a public offering in Hong Kong this year, it was targeting a valuation of more than $ 200 billion, in an ambiguous deal, according to financial analysts. Paper “national security” Trump always exploits the “national security” card in his war with China, as it was stated in the US …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE