US shelves plans for investment ban on Alibaba, Tencent and Baidu, say insiders

US shelves plans for investment ban on Alibaba, Tencent and Baidu, say insiders

US shelves plans for investment ban on Alibaba, Tencent and Baidu, say insiders


The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, providing a momentary reprieve to Beijing’s top companies 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.But according to the people, who declined to be named so they…

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