US lawmakers push SEC to delist 25 Chinese firms including Alibaba, Baidu

US lawmakers push SEC to delist 25 Chinese firms including Alibaba, Baidu

On Friday, two Republican lawmakers — House China committee chair John Moolenaar and Senate ageing committee chair Rick Scott — are urging the US Securities and Exchange Commission (SEC) to delist 25 Chinese companies, including Alibaba Group. According to a Financial Times report, they argue that these firms’ alleged military ties endanger US national security … Read more

Trump touts ‘fantastic’ TikTok deal with Walmart and Oracle

Trump touts ‘fantastic’ TikTok deal with Walmart and Oracle

President Donald Trump said Saturday he had approved a deal allowing Silicon Valley giant Oracle to become the data partner for TikTok to avert a shutdown of the massively popular Chinese-owned video app that Washington has called a security risk. The deal, announced by the companies, also includes Walmart as a commercial partner and would … Read more