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A bipartisan group of U.S. lawmakers raised alarm about Chinese companies collecting and handling sensitive data while testing autonomous vehicles in the United States, according to letters seen by... -November 16, 2023 at 02:59 pm EST - MarketScreener
WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers raised alarm about Chinese companies collecting and handling sensitive data while testing autonomous vehicles in the United States, according to letters seen by Reuters on Thursday. The lawmakers, including House of Representatives Energy and Commerce Committee Chair Cathy McMorris Rodgers and China select committee Chair Mike Gallagher, asked 10 Chinese-related companies to answer questions by Nov. 29 on data collection practices from ongoing autonomous vehicle testing in California and elsewhere.
The company has also announced a plan to buy back up to US$1 billion of its shares amid reports of a planned Hong Kong listing.
China’s digital yuan has completed another historic CBDC first, with a Taiwan-based firm “successfully” issuing e-CNY bonds.
CEOs have a lot to lose. The era of doing business in China as Western companies once knew it has fundamentally ended.