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Global Trade Alert

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United States of America: National security concerns lead to requirement that Chinese firm divest itself of the Grindr gay-dating app

Description

On March 27, 2019 multiple press outlets reported that the Committee on Foreign Investment in the United States (CFIUS) obliged Beijing Kunlun Tech Co Ltd. to divest itself of Grindr, a firm providing...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

27 Mar 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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