United States: Why US sanctions on China’s Ant Group may be an empty threat

Washington could soon expand its war against Chinese tech companies by setting its sights on Ant Group, the crown jewel of billionaire Jack Ma’s empire.

But there doesn’t appear to be much the US government could do to realistically hurt the digital finance company. Unlike other Chinese tech firms that have drawn the ire of Washington, Ant does little business in the United States.

Ant Group was floated as a potential US target by Bloomberg News, which reported last week that the Trump administration is considering restrictions on Ant, as well as Tencent’s WeChat Pay. Citing people familiar with the matter, the news outlet said the US government fears that their digital payment platforms threaten national security.

The full original full article can be found at edition.cnn.com

(Photo: Reuters)

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