CloudMinds has been blocked from sharing U.S.-origin technology with its China business, reports Reuters. The US Commerce Department’s Bureau of Industry and Security (BIS) have imposed the restrictions on the SoftBank-backed up startup. As per the ban, CloudMinds will not be able to share an array of goods and the department can even forbid Chinese nationals working for the company in the US from accessing U.S.-origin technology.
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CloudMinds said in a statement that the company is committed to export control compliance and is taking the necessary steps to ensure compliance with BIS requirements.
Source: https://www.reuters.com/article/us-softbank-group-cloudminds-exclusive/exclusive-softbank-backed-cloudminds-blocked-from-exporting-u-s-tech-to-china-idUSKBN20R07Q
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