Trump administration scraps plans to blacklist Alibaba, Tencent and Baidu
Treasury secretary Steven Mnuchin puts an end to proposed ban on US investment in Chinese tech giants
13 January 2021 - 22:39
Washington — The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, providing a brief reprieve to Beijing's top corporates amid a broader crackdown by Washington.
Senior officials in the administration had been considering plans to add the firms to a list of alleged Chinese military companies, which would have subjected them to a new US investment ban...
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