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Trump administration weighs barring U.S. investments in Alibaba, Tencent: Report

5 608 views | 7 Jan. 2021

The shares of Alibaba and

The shares of Alibaba and Tencent saw heavy falls on Thursday after a report, citing several people familiar with the matter, suggested the Trump administration could be about to add the Chinese tech giants to a U.S. blacklist. CNBC's Eunice Yoon reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Shares of Alibaba and Tencent fell Thursday after The Wall Street Journal reported that the Trump administration may add the Chinese tech giants to a U.S. blacklist.

The conglomerates’ shares slid around 4% on the Hong Kong stock exchange after the Journal said officials were considering prohibiting Americans from investing in the firms. The report cited several people familiar with the matter.

The U.S. government blacklisted 31 Chinese companies in November over concerns that they support Beijing’s military through an executive order. U.S. officials have been discussing expanding the executive order to expand the blacklist, the Journal’s sources said.

When the Hong Kong stock exchange closed, Tencent’s share price was down 4.69% to 568.5 Hong Kong dollars, while Alibaba’s share price was down 3.91% to 221 Hong Kong dollars.

In premarket trading, U.S.-listed shares of Tencent were down 2.8% and Alibaba’s were slightly in the red.

If they do get added to the U.S. blacklist, then American investors won’t be able to trade their stocks from Jan. 11. Those that already own shares in the companies would have until November to offload them.

Trump signed the initial executive order shortly after losing the 2020 presidential election to Joe Biden and it is already having consequences. The New York Stock Exchange confirmed on Wednesday that it plans to delist China Mobile, China Telecom and China Unicom.

On Tuesday, the Trump administration moved to ban Chinese payments apps including Alipay and WeChat Pay, which are linked to Alibaba and Tencent respectively.

In December, the U.S. added Chinese drone company DJI and Semiconductor Manufacturing International to a trade blacklist. The U.S. Commerce Department said the action against SMIC “stems from China’s military-civil fusion (MCF) doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex.”

Alibaba’s battles extend beyond the U.S. and to its home turf, where Chinese regulators have recently launched an antitrust investigation against the company.

Jack Ma, Alibaba’s founder and CEO, is keeping a low profile and hasn’t been seen in public since last October after he appeared to criticize the country’s regulators.

Alibaba and Tencent did not immediately respond to CNBC’s request for comment.

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John Stibal

Wont stop China. Trump wasted four years fighting China, total waste of time.

ISuckTiggos

Trump has been destroying America for over 4 years

Puk Pups

I will never buy shares from NYSE ! I don't trust USA !

The Mythbuster

USA should leave WTO immediately since they do not obey international trade rules.

venturebros

Why interview someone located in China about this. It's entirely an American issue. Speaking to a foreign correspondent makes no sense

Running Ramon

Trump is a dictator

Ben W.

I just don't get it why some Americans want to invest in the evil CCP companies????? Pathetic.

Steven Huang

Trump does not give a damn of American interest, let alone our investor interest. It is the choice of America to improve itself or destory itself. When we lose the credibility, the pillars of US superpower would crumple one by one.

Anthony Ochoa

Tired of waking up to hear bad news about Ali baba. That’s why I’m selling out. Enough already

Life Fun

please force yankee to sell so i can load at good price. please, please

Father 'N Son Investing

Feels like this battle has been going on forever. They need to just make a final decision

David Sharpe

Won’t happen !! Not in a million years. ! All hot air !!

Brown

The best investment you can make in 2021 Is crypto currency. stock market has been wired and proven difficult to invest recently, while crisis comes up in stock, Bitcoin climbs ?

Andrew Cartwright

Stocks are good but I swapped and invested in Bitcoin trading I've been making good profit

Bayesian Factory

Irrelevant. Biden will reverse it immediately.

Kamryn Cristina

Lovely ?? ??❤️

남상춘

I am an alibaba stockholder. sick and tired of Trump. Go to hell !

Shakey Pudding

Trump can ban all he wants. To be honest, at this point of time there are very few people in his own government will listen to him. Biden will reverse an stupid decision he makes. I’m hoping the shares take another drop so I can buy a few more. Alibaba is amazingly undervalued and whatever your concerns about the CCC, they make a ton of money and there is amazing shareholder value to be had.

TheM0joDoj0

Trump and Pompeo spent 3 years throwing absolutely everything at China from tariffs, sanctions, to inciting unrest in HK, and election meddling in HK through co-conspirators like Jimmy Lai. All of it ends with Trump losing the election in the US, GOP losing the house in 2018, the Senate in 2021, Congress being overrun by Trump supporters who are American, completely uncontrolled spreading of a pandemic, the utter destruction of the labor class and small business through lockdowns, the complete devaluing of the USD into funny money, and the entire US IT infrastructure being compromised by Russian hackers. I think it's time to worry about America destroying America before worrying about what China is doing.

ziitoun31

I am a bit of skeptic, but know a lot of aspects about BTC. So, let's make few things straight - BTC is an investment asset - like gold, it's scarce, but it's easier to acquire it and big players like pay-pal and grayscale are hodling it, same with a lot of banking institutions, hedge funds and masses of people. Self-host wallet btc owner whales have a hard time selling it without doing KYC and in some cases, this can wreck them financially. People lose access to their btc wallets which makes that btc frozen for all time. The Hype and FOMO is on the rise and most people only buy and hodl with btc. I mean you have to understand that normal stock market fundamentals don't apply here. It's not a 2017 - 2018 scenario. The regulation added to BTC can actually even make it more desirable(although have a minus). Basically, anything that could stop the mooning of btc imo would be extreme regulation restrictions and also better investment opportunities discovered by btc owners.However , it’s is best advice you find a working strategy/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. I have been trading with DR Benjamin keen's daily signals and strategy, him guidance makes trading less stressful and more profit despite the recent fluctuations. I was able to easily increase my portfolio in just 4weeks of trading with Ben keen daily signals growing 1.5 BTC to 6.7 BTC. His daily signals are very accurate and yields a great positive return on investment and is available to give assistance to anyone who love crypto trading, you can contact him on WhatsApp: +447-8621-00767 and Telegram : @ Ben_Keen* * for inquires and profitable trading systems...

Hank Terreros

"Rots of Ruck". Lets see what our "ponzi market" does today? Until then do as I have done since Nixon promised to make Mao and his mafia "billionaires" on the "Great Wall". Boycott made in communist china crap! {CHEERS!} "Buy Made in the U.S.A. goods online" or vintage at your local swap-meets

Elon Mask

President Hltler is soon going to leave office ?

Eli

Wait guys, shepherd smith here and you are watching ....... Enough with those outros.

Wassim Chaaleb

It will never happen! + Trump administration is gone anyway, forever

Elon Mask

China should drop a nuclear bomb on the White House just for fun ?

bwise609

We will be banning the trump brand for its tie to the trump military

Samurai X

Banning Chinese companies from US bourse is largely symbolic, because China is the largest capital surplus country today. The capital is already in China. What really hurts China is US tech blockade and US semiconductor embargo against China.

Chris Molloy

?

Nicholas Wilson

Awesome ?? ??♥️❤️

Alx

Boycott all made in China like Lenovo laptops Xiaomi Huawei and the spy tools WeChat and TikTok.

Shantorey Wilkins

?‍♂️??‍♀️

Trump blacklist

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U.S. to Add SMIC, CNOOC to Blacklist, Reuters Says

2 804 views | 30 Nov. 2020

Nov.29 -- The Trump

Nov.29 -- The Trump administration is poised to add chipmaker SMIC and offshore oil-and-gas explorer CNOOC to a list of firms blocked from American investment due to military ties, according to Reuters. Tom Mackenzie reports on "Bloomberg Markets: Asia."

Peiang He

US: If you can't compete, then ban it for "national security reason" lol

ATAU BERZ

Guys! If you want to really go nuts, enter in google: VectraCoin

Team Mortal

Why do an analysis if there is VectraCoin?

Matub Alfaisal

God bless China ??✊✊✊✊✊

قِناة الحداوي الاعلامية

is there really still a person who does not know about the existence of VectraCoin?

ELhoucine Vlogs

Why are you doing currency analysis if there is Vectra? Dude google - Vectracoin

Techno Gamerz

Top coin market cap in a year: Ethereum, VectraCoin, Bitcoin. Screen it out and don't thank

Geby

LOL Vectracoin everywhere :D

Boyce Watkins

No 1: Don't Only Hope On Government's innervation on Economy growth,

No 2: As An Individual Look For Different Self Business And Trade Not Only Waiting on Betterment of Stock market activities,

No 3: Most Important Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.

Because Government Have Failed Us In Aspect Of Economics Activities And Other Trading Systems

shin Nikita

Google, Facebook, Microsoft and every Tech Corporation has ties to the American Military Industrial Complex! What Hypocrites!

EVGENY

Aragon (ANT)

Regina Magalhães

Read about Marshall Ross and his VectraCoin

The Goove Move

in order for there to be peace communism must burn at the stake

Max Mustermann

Nice,more for.me then ?

Pax Sinica

It's just
✨America✨ that can't compete with Chinese companies ??

Dan V

bring back McCarthyism to target the Chinese and their sympathizers in the west. They do more damage to us than what these chicoms based companies will ever do in their lifetimes

Royce Maurice dela Peña

Now this is bullshit. CNOOC have military ties? Thats ridiculuos lol

softz visualz

Nice video! What about VectraCoin algorithm review?

Dan V

Another century of humiliation for China is in order

Teji FN

#VECTRACOIN

Haryanavi manch

Nice try, but read about VectraCoin algorithm first

EL Norton

Trump wants every country to go down with US

T Wong

SMIC: thief of TSMC
CNOOC: thief of South China Sea
PRC: thief of the entire world

NorCal OutDoor

good job Trump

T Wong

How come the same people who scream and cry racism whenever these sorts of decisions take place are also silent when something like this happens

JURY FINDS FOR TSMC OVER SMIC IN TRADE SECRETS CASE

SAN FRANCISCO—

Taiwan Semiconductor Manufacturing Co. (TSMC) has won a jury verdict over China's Semiconductor Manufacturing International Corp. (SMIC) in a long-running trade secrets dispute between the two foundries, according to an attorney involved in the case.

The California Superior Court jury ruled on Tuesday (Nov. 3) that SMIC has been misappropriating TSMC trade secrets since January 2005, after the firms reached an agreement to settle allegations of corporate espionage and intellectual-property infringement, according to the attorney.

“We are very pleased. They [the jurors] were asked 18 to decide issues and they decided all in our favor,” said Jeffrey Chanin, a partner at the law firm Keker and Van Nest LLP, which represents TSMC.

Chanin said the trial is scheduled to continue for three more days, after which the jury is expected to decide damages. Chanin declined to speculate on the amount TSMC would be awarded, saying it was for the jury decide. But he added that SMIC has said publicly that the amount being sought is between $1 billion and $3 billion.

“We are talking about a potentially large amount,” Chanin said. “For TSMC there is also a desire to have fair competition” and not have SMIC continue to use its trade secrets, he said. TSMC is asking the court to issue an injunction when the trial concludes that would prevent SMIC from continuing to sell in the U.S. wafers made using the technology at issue, Chanin said.

Chanin said the jury agreed with TSMC on 61 of the 65 instances that TSMC presented as evidence of the misappropriation of trade secrets.

TSMC filed suit against SMIC in California Superior Court in Oakland, Calif., in August 2006. The two companies in January 2005 settled another suit filed by TSMC in 2003 that claimed SMIC systematically pilfered TSMC trade secrets by hiring hundreds of its engineers and asking a few senior people to take information with them as they left.

SMIC promised in 2005 settlement it would purge itself of all TSMC's proprietary information. TSMC alleged that SMIC was still using some of its trade secrets in most of its legacy processes and that the Chinese foundry has also used TSMC technology as the baseline for 130- and 90-nm processes.

VAN TEN

VectraCoin algorithm everywhere :D

Beast boyDZ

Why are you watching this!? Read about the VectraCoin!

Slickpete83

don't sell out your country's future over 5G to Communists !!!

Just another Guy

it is the proper move to reject ❌ SMIC and CNOOC. These are China’s ?? richest plantation farms ? and the only people who work there are the Aunt Jemimas and Uncle Thomases of the world ?

All about

Guys! Just google: “VectraCoin”! You will go nuts!

dazeight qfourhundred

Blacklisting SMIC and CNOOC is about time.

TGT

Yes Yes! Read everything, and then say that you did not know about VectraCoin!

Tom Kim

Then, US will ban the US oil and natural companies export to chinese companies? We lose the chinese market to Russia and the Middle East companies?

Vexad

Why should we give the rat’s hantavirus what the little pinks think? Did their god emperor Xi Jinpink ask us how we felt when he blocked and continues to block our social media companies?

xenovax

This is actually a harmless list when you compare it to the list that Red China is thinking of drawing up for taiwan

https://www.reuters.com/article/idUSL1N2IB05O

Akash

First dude seems to chew lots of tobacco or betel nut leaves based on his teeth.

rezaldaffa rezaldaffa

Thanks i knew about Michael Ross! He was my professor in Oxford and told us about Vectra!

Trump blacklist

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Trump Puts 8 Chinese Tech Firms on Blacklist

1 134 views | 9 Oct. 2019

Oct.08 -- Oliver Wyman's

Oct.08 -- Oliver Wyman's Daniel Tannebaum discusses the recent move by the U.S. to blacklist some Chinese firms ahead of trade talks. He speaks on "Bloomberg The Open."

Jj W

Don’t French companies listed in America do the same?

J. Parrish

Good Morning God bless the WHOLE world with peace, love, and harmony. Plenty of smiles my friends. Let's rise above the mess. To our allies most Americans dont want to fight anyone. Let's heal our relationships all over the world above the messy GOP. ?????????????????????

Matthew E Gray

Buy American ??

The Bitter Truth

Good! Kick them ALL the fuck out! Why the FUCK are we trading with a bunch of low-life commies? We should be BURYING the Chi-Com savages, and ANY company that kow-tows to these human filth that is the Chinese government should be charged with trading with the enemy. As far as I know, commies are the enemy, and they should be destroyed, not propped up on OUR backs as our entire manufacturing base was moved there. Anyone that had anything to do with that should be hanged for treason. Looking at you, Clinton, W, and Obammy!
Seeing you three swing for treason would make my year!