Sources told Bloomberg the U.S. government is looking at imposing restrictions on the companies due to national security concerns about their digital payment platforms. However, they said, a final decision is not imminent. (Bloomberg)
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Sources told Bloomberg the U.S. government is looking at imposing restrictions on the companies due to national security concerns about their digital payment platforms. However, they said, a final decision is not imminent. (Bloomberg)
Talking point: The discussions come ahead of the U.S. presidential election, before which Republicans may try to place as many restrictions against China as possible, in case their candidate loses in November. Options for how to impose the measures in a quick manner include through an executive order, much like the one used previously on two apps, Tencent’s WeChat and ByteDance’s TikTok. The courts have since granted injunctions against those restrictions. The discussions come as Ant prepares for an initial public offering of about US$35 billion; it may have a dual listing in Shanghai and Hong Kong by the end of October.
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