• By The Financial District

ANT GROUP PLANS SALE OF U.S.-BASED EYEVERIFY: FINANCIAL TIMES

China’s Ant Group Co. Ltd. is planning to sell U.S.-based biometric security firm EyeVerify amid growing tensions between Beijing and Washington over China’s technology companies.

The possibility of such sale became even more certain as the US tightens its scrutiny into the integrity of US data, which had been compromised as early as 2010, when Iran managed to hack the personal data of 51 million Americans kept by the Office of Personnel Management.


The US also wants to prevent China from selling its biometric products and smartphones on fears that these gadgets report to Beijing, the Financial Times (FT) reported on Tuesday.


Ant, the fintech affiliate of Alibaba Group Holding Ltd. Owned by Jack Ma, who also owns South China Morning Post (SCMP), is in talks with a number of potential buyers in the United States, the FT report said, citing sources.


The company planned to secure a sale in the first half of this year, the FT added.



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