Fons Tuinstra, China Speakers Bureau
@fonstuinstraCitrix owner Cloud Software becomes latest US software company to quit China as economy weakens, regulations tighten https://t.co/VNaQuB7DdF via @scmpnews
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China AI Chipmaker Moore Threads Cuts Jobs After US Blacklisting; Cloud Software Group to Cease New Business Transactions in China Due to Rising Costs
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China AI chipmaker Moore Threads is cutting jobs after being blacklisted by the US. Cloud Software Group, the owner of enterprise-software brand Citrix, plans to cease all new business transactions in China, including Hong Kong, due to rising costs. This move follows other US tech companies withdrawing or shrinking their operations in China over national-security and data-related concerns. The weakening economy and tightening regulations have also contributed to the decision.
Sources
WSJ China Real Time
@ChinaRealTimeCloud Software Group, which owns Citrix, is the latest U.S. tech company to withdraw or significantly shrink its business operations in China amid national-security and data-related concerns https://t.co/G4pxgZVyD5 https://t.co/iczZr0dlPA
Jonathan Cheng
@JChengWSJCloud Software Group, which owns enterprise-software brand Citrix, is ceasing business transactions in China, becoming the latest U.S. company to pull back from China.
@RebeccaYFeng @newley
https://t.co/fh8ybYrNGA
Story Timeline
•Latest version
Cloud Software Group to Cease China Business on Dec 3; Canadian Solar Plans Thailand Plant; Corning Sells Unit to China
OSlash to Shut Down Operations; Citrix Owner Cloud Software Group to Cease Business Transactions in China
•Original version
China AI Chipmaker Moore Threads Cuts Jobs After US Blacklisting; Cloud Software Group to Cease New Business Transactions in China Due to Rising Costs