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Company News

EXCLUSIVE-Trump administration to consider adding China's Ant Group to trade blacklist -sources

WASHINGTON, Oct 14 (Reuters) - The U.S. State Department has submitted a proposal for the Trump administration to add China’s Ant Group to a trade blacklist, according to two people familiar with the matter, before the fintech arm of e-commerce giant Alibaba is slated to go public.

It was not immediately clear when the U.S. government agencies that decide whether to add a company to the so-called Entity List would review the matter. But the move comes as China hardliners in the Trump administration are seeking to send a message to deter U.S. investors from taking part in the initial public offering, worth up to a record $35 billion. (Reporting by Humeyra Pamuk, Alexandra Alper, and Karen Freifeld; Editing by Lisa Shumaker)

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