Editor’s Note: Originally published as Why is the U. Related Topics China National Security. Reprinted with permission. Beyond Snowden By Timothy H. The loss of the information forced the C. In response to the law, Apple said it would open its first data center in China, and formed a partnership with a Chinese company to run the center and handle data requests from the government. Originally published as Why is the U.
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A source familiar with the matter said on Monday that Kunlun’s efforts to sell Grindr outright were continuing even as the IPO preparations were relaunched. A Grindr spokeswoman declined to share more information about the IPO plans. Kunlun did not respond to requests for comment. The U. However, the United States has been increasingly scrutinizing app developers over the safety of personal data they handle, especially if some of it involves U. Reuters reported in May that Kunlun had given some Beijing-based engineers access to the personal information of millions of Americans, including private messages and HIV status.
CFIUS cracks down
A source familiar with the matter said on Monday that Kunlun’s efforts to sell Grindr outright were continuing even as the IPO preparations were relaunched.
A Grindr spokeswoman declined to share more information about the IPO plans. Kunlun did not respond to requests for comment. The U. However, the United States has been increasingly scrutinizing app developers over the safety of personal data chima handle, especially if some of it involves U.
Reuters reported in May that Kunlun had given some Beijing-based engineers access to the personal information of millions of Cjina, including private messages and HIV status. Kunlun said in May it would shut down Grindr’s China operations and would not send any sensitive user data to China, in investmet effort to address concerns over data privacy.
Grindr will be listed on a stock exchange outside China, with the timing of the move to be decided according to overseas capital market conditions, Kunlun said in a filing to the Shenzhen stock exchange on Monday. Kunlun is one of China’s largest mobile trindr companies. Kunlun’s control of Grindr has fueled concerns among privacy advocates in the United States.
Democratic U. Senators Edward Markey and Richard Blumenthal sent a letter to Grindr last year demanding answers about how the app would protect users’ privacy under its Chinese owner. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services. All Rights Reserved. Data grindr china investment provided by.
Skip Navigation. Markets Pre-Markets U. Key Points. Chinese gaming company Beijing Kunlun Tech says it will revive plans for an initial public offering of popular gay dating app Grindr after a Grimdr. Kunlun’s control of Grindr has fueled concerns among privacy advocates in the U.
In grinxr photo inveestment a Grindr logo is seen displayed on a smartphone on April 01, Related Tags. Trending Now. News Tips Got a confidential news tip? We want to hear from you. Get In Touch.
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And that strategy has serious security implications for the West. The majority of the acquired firms are part of one of five sectors: industrial products and machinery, health and biotech, grindr china investment and communications technology, electronics, and vehicle manufacturing. Trending 1. The loss of the information forced the C. For all of its more heralded effects, globalization has offered phenomenal opportunities to those with less-than-fair intentions. View Comments. To be sure, industry and government are linked in other countries. Trending Now Sponsored Links by Taboola. The U. Before the invesyment even came into effect, the Chinese government had pressured foreign technology companies to operate servers only within its borders — meaning the data is available to Chinese authorities under Chinese law. But the Grindr case could give the Chinese government an excuse to make its own national security claims if American firms sought to purchase a Ibvestment insurance company, or any of its social media firms.
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