WASHINGTON (Sputnik) – President Donald Trump signed an executive order on Friday to bar the Chinese company Shiji Information Technology from owning US software developer StayNTouch on grounds of national security.
StayNTouch is a developer of mobile hotel management solutions and was acquired by Shiji as early as in September 2018.
StayNTouch has said its “pioneering platform” powers 90,000 rooms globally and enables hotels to create long-lasting relationships with their guests by delivering personalised service levels.
Trump’s executive order gives Shiji 120 days to divest from all StayNTouch assets, including those that have been developed by the US company since its acquisition.
Sourse: sputniknews.com
0.00 (0%) 0 votes
