Micron can convince US judge to make CMXT a patent violator
News on China's scientific and technological development.
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I don’t think there will be anything substantive. China is trying to delay decoupling for as long as possible.
I find the fact that Carl Zha, of all people, could consistently make accurate predictions on the tech war very alarming. This seems to indicate that he has friends with contacts within the administration that leaks the info to a pro-Chinese Tweeter. I shudder to imagine how much sensitive info has been leaked to actual Chinese and Russian spies under the current administration.
Everything the US does is now so reactionary, sanctioning Chinese companies that are doing well in future sectors. It just screams desperation.
I can even predict US sanctioning allies that dare to use DCEP/RMB as their trade settlement currency.
I can even predict US sanctioning allies that dare to use DCEP/RMB as their trade settlement currency.
It makes a lot of sense to sanction digital RMB users. Using RMB undermines the dollar, and the effects will be profound when the Feds have printed so much money.
How will they sanction or track digital transaction?
U.S. looks into restricting Ant Group, Tencent payments - Bloomberg
Oct. 7, 2020 12:55 PM ET|About: Tencent Holdings Limited (TCEHY)|By: Kim Khan, SA News Editor
In a move that could be similar to its crackdown on TikTok, the U.S. is exploring restricting the payment systems of Alibaba's (BABA, +1.6%) Ant Group and Tencent (OTCPK:TCEHY, +0.1%) due to security concerns, Bloomberg reports.
U.S. officials are worried Chinese fintech platforms will dominate global digital payments, giving China access to banking and personal data of hundreds of millions of people, people familiar with the matter told Bloomberg.
Ant Group's Alipay and Tencent's WeChat Pay have more than 600M users in China.
There is no indication President Trump has been briefed and any move like this would require his OK, Bloomberg reports.
Hedge fund manager Kyle Bass tweeted last week that "Ant Group and Ten Cent are Clear and Present Dangers to US National Security that now threaten us more than any other issue".
Ant Group is gearing up for Hong Kong and Shanghai listings, where the company is reportedly seeking $35B based on a $250B+ valuation.
(PYPL, +1.3%), (SQ, +2.7%), (MA, +1.5%), (V, +0.1%)
Oct. 7, 2020 12:55 PM ET|About: Tencent Holdings Limited (TCEHY)|By: Kim Khan, SA News Editor
In a move that could be similar to its crackdown on TikTok, the U.S. is exploring restricting the payment systems of Alibaba's (BABA, +1.6%) Ant Group and Tencent (OTCPK:TCEHY, +0.1%) due to security concerns, Bloomberg reports.
U.S. officials are worried Chinese fintech platforms will dominate global digital payments, giving China access to banking and personal data of hundreds of millions of people, people familiar with the matter told Bloomberg.
Ant Group's Alipay and Tencent's WeChat Pay have more than 600M users in China.
There is no indication President Trump has been briefed and any move like this would require his OK, Bloomberg reports.
Hedge fund manager Kyle Bass tweeted last week that "Ant Group and Ten Cent are Clear and Present Dangers to US National Security that now threaten us more than any other issue".
Ant Group is gearing up for Hong Kong and Shanghai listings, where the company is reportedly seeking $35B based on a $250B+ valuation.
(PYPL, +1.3%), (SQ, +2.7%), (MA, +1.5%), (V, +0.1%)