BusinessNews

Alibaba and Tencent fell to U.S. blacklists after the filing.

Trump’s government could add Chinese tech giants to the U.S. blacklist Thursday after the Wall Street Journal had decreased Alibaba and Tencent share.

The Statistical Analysis

Following on from the Journal, officials considered banning U.S. business investments; Hong Kong Bourses stood at around 4%. The research included many familiar individuals. In November, in an executive order promoting the Beijing military, the U.S. government listed 31 Chinese companies. U. s. officials discussed expanding the blacklist executive order, Sources of the Journal said. At the end of the Hong Kong Stock Exchange, Tencent’s share price dropped 4.69 to $568.5 trillion, while Alibaba’s stock price fell by 3.91 percent to US$ 221 in Hong Kong. The 100% stake in the United States has decreased by 2.8%, with Alibaba a little red. In addition to the U.S. blacklist, U.S. investors will not be able on Monday to sell shares. Many who have company shares will have to unload them until November. Shortly after losing the presidential election in November to Joe Biden in 2020, Trump signed an executive order, which has repercussions. On Wednesday, the New York Bourses announced their intention to delist China Mobile, China Telecom, and China Unicom. Tuesday, Chinese payment apps like Alipay and WeChat Pay, connected with Alibaba and Tencent, were banned by the Trump administration.

The U.S. was added to a blacklist of trading Chinese drones by Dji and Semiconductor Manufacturing International in December. The Commerce Department said action had been taken against SMIC ‘Chinese military-civil fusion systems and reports of operation between the SMIC and the Chinese army-industrial complex.’ Alibaba has recently launched a company anti-trust investigation outside the U.S. Jack Ma, Alibaba’s founder, and CEO has a slim profile and hasn’t been under observation after the Chinese regulators appeared to criticize him in October.

Related Articles

Leave a Reply

Back to top button
Close