Doors Slam Shut for China Deals Around the World
Tighter rules for CFIUS are echoed in great scrutiny from Europe to Australia.
Ant Financial’s Alipay: Rolling in Japan, but MoneyGram was off limits.
Photographer: Shiho Fukada/BloombergDoors are slamming shut in the developed world not just to Chinese investment in technology but potentially to a wave of acquisitions with a tech element, as diverse as smart heaters and robotic lawnmowers.
President Donald Trump last week signed an update to legislation for the Committee on Foreign Investment in the U.S. that broadened the inter-agency vetting committee group’s scope to encompass even minority and passive investments in three areas: critical technology, infrastructure, and businesses that handle personal data. This tightening of the rules has been happening for some time, but it’s now explicit.