Reuters exclusively reports Trump administration shelves bid to blacklist China’s Ant Group

Reuters exclusively reported that the Trump administration has put on hold an effort to blacklist Ant Group Co Ltd, the Chinese financial technology company affiliated with e-commerce giant Alibaba, following a phone call between a company executive and a top U.S. government official. Reuters previously broke the news that the U.S. State Department had submitted a proposal to add Ant Group to a trade blacklist in order to deter U.S. investors from taking part in its initial public offering, which was expected to rake in a record $37 billion before being postponed. 

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