Reuters exclusively reported that SoftBank-backed startup CloudMinds has been blocked from sharing U.S.-origin technology with its China business, illustrating how increased U.S. government restrictions are creating new headaches for tech firms and their investors. The U.S. Commerce Department sent a letter in July informing CloudMinds it could not transfer technology or technical information – even software bugs – from its U.S. unit to its offices in Beijing without licences.
Reuters exclusively reports SoftBank-backed CloudMinds blocked from exporting U.S. tech to China
03 March 2020, 12:00 am. 1 minute
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