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Asiapundit: U.S. listed Chinese companies and the Online Freedom Act

Asiapundit is a blog written by a China-based journalist. He has looked at the proposed American "Global Online Freedom Act" and pointed out an interesting feature of it:

One of the definitions of a "U.S. business" in the act is "every issuer of a security registered pursuant to section 12 of the Securities Exchange Act of 1934". This means that companies affected by the act would include all Chinese Internet companies that are listed in the U.S., such as Baidu, Sohu and Sina.

Asiapundit looks at possible consequences in his post: online freedom act: good for google, bad for baidu?

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