The US Treasury on Wednesday announced its first penalty under rules governing American investment in sensitive Chinese technologies, revealing a US$200,000 fine against the parent of Plug and Play Tech Centre for failing to report an investment in a Shanghai robotics AI company. The Treasury said on Wednesday that Amidi, LLC failed to submit a required notification after its Chinese fund subsidiary invested around US$92,478 in Shanghai Qiongche Intelligent Technology Company Limited, known as...
SRCSouth China Morning Post
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WED · 2026-10-07 · 19:27 GMTBRIEF NSR-2026-1007-117126
NSR-2026-1007-117126·
US issues first outbound investment fine over Chinese robotics AI deal
The US Treasury on Wednesday announced its first penalty under rules governing American investment in sensitive Chinese technologies, revealing a US$200,000 fine against the parent of Plug and Play Tech Centre for failing to report an investment in a Shanghai robotics AI company. The Treasury said o
Teresa Elena FrontadoSouth China Morning PostFiled 2026-10-07 · 19:27 GMTRead · 1 min
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