Deals

Trump Blocks Chinese Deal for U.S. Software Firm StayNTouch

White House cites national security risks in unwinding deal
Trump has blocked three deals on China security threats

Donald Trump
Photographer: Stefani Reynolds/Bloomberg

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By David McLaughlin

March 6, 2020 at 4:49 PM UTC

Updated on

March 6, 2020 at 5:48 PM UTC

This article is for subscribers only.

President Donald Trump ordered the Chinese acquisition of a hotel property management software company reversed on national security grounds.

Trump ordered Beijing Shiji Information Technology Co. to unwind its 2018 acquisition of StayNTouch Inc., the White House said in a statement on Friday.