Question: PatientsLikeMe is a US technology start - up that provides an online service that helps patients find people with similar health conditions. In 2 0
PatientsLikeMe is a US technology startup that provides an online service that helps patients find people with similar health conditions. In the company raised $ million and sold a majority stake to a Chinese firm Shenzhenbased iCarbonX. Tencent Holdings the Chinese multinational conglomerate provides financial backing to iCarbonX. The Trump Administration is however, forcing PatientsLikeMe to find a new investor and has ordered that iCarbonX divest its stake in the company. This follows a review by the Committee on Foreign Investment in the United States CFIUS which has recently been cracking down on Chinese ownership of US companies. What reasons could CFIUS have for requesting divestiture?
Question options:
Potential theft of intellectual property
Force China to abandon its Belt and Road Initiative
National security concerns
The infant industry argument
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