March 29, 2019 / 6:40 PM / MoneyWatch

A U.S. government screen centered on nationwide security raised eyebrows whenever it ordered a Chinese company to market homosexual relationships software Grindr. The focus: about the Chinese authorities would use personal data to the software to blackmail United states officers, the Wall neighborhood newspaper noted.

Beijing Kunlun Tech Co. gotten a number share in Grindr in 2016 and took whole command over they last year. The panel on international investments in the us, which feedback purchases of U.Spanies by non-U.S. users for likely affect nationwide safety, simply this week gone to live in prohibit the sale.

Specialists indicate growing questions around data privacy, in addition to anxious U.S. deal family, while the reasons behind CFIUS’ intervention.

“you will need to treat this as a U.S. reception to Chinese firms having access to private communications above all else,” mentioned Bart Lazar, an attorney with Seyfarth Shaw whom focuses info security.

Another Asia price dinged

Just the past year, CFIUS furthermore blocked Chinese Ant savings’s $1.2 billion order of U.S. money pass providers MoneyGram, a high-profile merger that manage a blow to Alibaba president Jack Ma, the master of Ant monetary. Continue reading “Precisely why did the U.S. order a Chinese organization to promote homosexual a relationship software Grindr?”