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New Executive Order May Restrict Transactions Involving Chinese Online Payment Apps and Their App Providers | Faegre Drinker Biddle & Reath LLP

To embed, copy and paste the code into your website or blog: On January 5, 2021, the White House issued an Executive Order to restrict certain transactions “with persons that develop or control” eight designated software applications, due to their perceived connections with the government of the People’s Republic of China and the Chinese Communist Party. While uncertainties remain on whether the announced restrictions will take full effect in the Biden administration, companies should take note and be prepared to review their use of the designated applications and transactions with the companies that “develop or control” these applications. The contemplated actions under this Executive Order are intended to take effect 45 days following its release on February 19, 2021. Once effective, the Executive Order would impose restrictions in the form of licensing requirements on “any transaction by any person, or with respect to any property, subject to the jurisdiction of th

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NetDragon Wins "Top 100 Hong Kong Listed Companies - New Economy-Technology Company" Award

Share this article Share this article HONG KONG, Dec. 22, 2020 /PRNewswire/ NetDragon Websoft Holdings Limited ( NetDragon or the Company , Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that the Company has won the  New Economy-Technology Company award at the 8 th Top 100 Hong Kong Listed Companies contest. This is a testament to NetDragon s outstanding performance in promoting technology advancement and innovation, as new economy enterprises have become an important part of Hong Kong s capital market and a major contributor to economic development. The event Embracing Greater Bay Area and Entering the New World - Hong Kong Listed Companies Development Summit Forum 2020 and the 8th Top 100 Hong Kong Listed Companies Award Presentation Ceremony  was hosted by Top 100 Hong Kong Listed Companies Research Centre, and co-organized by Finet and Atlantis Investment Management. The award ceremony was attended by notables

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