The Department of Commerce’s Bureau of Industry and Security (BIS) announced a new rule that expands export control restrictions to any entities that are majority-owned (at least 50 percent) by ...

In 2020, a similar arrangement between ByteDance, Oracle and Walmart fell apart after China revised its export control list The Chinese commerce ministry's latest remarks on the TikTok deal in the US ...

The 50 percent Rule drew praise for closing vital enforcement loopholes that had previously allowed Chinese firms to bypass US export restrictions through subsidiaries and affiliates. Under the rule, ...