U.S. Treasury Issues First Fine Over Outbound Investments in China’s Tech Sector

T1Covered by 1 source · first reported by The Information (teasers) at 07 Oct, 20:42 UTC

The U.S. Treasury Department said on Wednesday it had fined the parent company of startup accelerator Plug and Play Tech Center, the first penalty issued under an outbound investment restriction program targeting China’s tech sector. California real estate company Amidi Group was fined $200,000 ...

Sources

• T1U.S. Treasury Issues First Fine Over Outbound Investments in China’s Tech SectorThe Information (teasers)07 Oct, 20:42