Report: Trump admin wanting into Tencent’s US gaming investments

Enlarge / SHENZHEN, CHINA – AUGUST 19: A lady walks outdoors the headquarters of Tencent on August 19, 2020 in Shenzhen, Guangdong Province of China. (Picture by VCG/VCG through Getty Photos)
The US authorities is reportedly scrutinizing Chinese language tech big Tencent and the US gaming firms by which it has an funding curiosity. Bloomberg stories that the Treasury Division’s Committee on International Funding within the US (CFIUS) has requested firms together with Epic Video games and Riot Video games to reply questions on their data-security requirements, in response to “folks accustomed to the matter.”
CFIUS has the authority to look at overseas funding in US firms when these investments may have an effect on nationwide safety. Traditionally, that has typically meant analyzing overseas entry to US pure sources or navy secrets and techniques. Extra not too long ago, although, CFIUS has taken an expanded curiosity in potential overseas entry to US buyer knowledge.
“Whenever you’re speaking about large quantities of information, there’s in all probability one thing for the committee to have a look at,” former Treasury Division Deputy Assistant Secretary for Funding Safety Aimen Mir informed Bloomberg yesterday. “The query then turns into is the chance excessive sufficient that it really warrants forcing offers aside?”Learn 7 remaining paragraphs | Feedback

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