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

03 November 2020, 3:51 pm. Updated 1 second ago1 minute

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.