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Top related persons:
Gina Raimondo’s - 2 ” - 2 Raimondo - 1 TikTok - 1 Biden - 1 they’ll - 1 Edith Yeung - 1 Washington - 1
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Biden - 1 White - 1 Bloomberg News - 1 Hong Kong CNN - 1 CNN - 1 Race Capital - 1 ” - 1 PitchBook - 1

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2 mentions found


☆ TikTok’s U.S. Future Still in Limbo as Commerce Secretary Visits China
  + stars: | 2023-08-29 | by ( Sapna Maheshwari | David Mccabe | More About Sapna Maheshwari | ) www.nytimes.com   time to read: +1 min
Commerce Secretary Gina Raimondo’s visit to China is putting a spotlight on the future of TikTok in the United States, where criticism of the app and its ties to Beijing reached a fever pitch this year. Despite the intense pressure on the popular short-form video app, which is owned by the Chinese technology company ByteDance, efforts to ban or regulate it in Washington have not yet borne fruit. And even with all that scrutiny, Ms. Raimondo is not planning to discuss TikTok while in China, a glaring omission that reflects the impasse at which it has left the Biden administration. The administration has been stymied by how to deal with TikTok even as intelligence officials have warned that it poses a national security threat. Ms. Raimondo memorably told Bloomberg News this year that if the administration banned TikTok, “the politician in me thinks you’re going to literally lose every voter under 35, forever.” (TikTok claims 150 million users in the United States.)
Persons: Gina Raimondo’s, Raimondo, ”, TikTok Organizations: Biden, White, Bloomberg News Locations: China, United States, Beijing, Washington
☆ US-China investments: New Biden executive order deals 'major blow' to Chinese startups
  + stars: | 2023-08-10 | by ( Michelle Toh | ) edition.cnn.com   time to read: +7 min
The Biden administration announced Wednesday it would restrict investments by US venture capital and private equity firms, as well as joint ventures, in Chinese artificial intelligence, quantum computing and semiconductors. The executive order applies to investments in the cities of Hong Kong and Macao, as well as mainland China. She said the new edict suggested that Washington was “trying to ‘decouple’” US and Chinese venture capital, despite the administration’s insistence that it is not trying to halt trade with China. US venture capital investment into China has plummeted about 80% over the past year, according to PitchBook data. And the investment restrictions were long in the works.
Persons: Biden, they’ll, ”, Edith Yeung, Washington, Yeung, Kyle Stanford, Kaidi Gao, Tomohiro Ohsumi, “, Gao, Washington —, Xi Jinping, Gina Raimondo’s Organizations: Hong Kong CNN, CNN, Race Capital, ”, PitchBook, Bloomberg, Getty, Investors, Washington, Sequoia Capital, Chinese Ministry of Commerce, China’s Ministry of Foreign Affairs, US Locations: Hong Kong, China, Macao, Silicon, United States, “ Washington, US, ”, Shanghai, chipmaking, Stanford, Beijing
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