U.S. mandates sale of another Chinese-owned tech company

PatientsLikeMe, a health-tech startup that connects patients with similar medical conditions, is being forced to find a buyer after the Committee on Foreign Investment in the U.S. (CFIUS) ordered Chinese firm iCarbonX, its majority owner, to divest its stake in the company.

The big picture: This is the latest sign of the Trump administration's growing concern over Chinese ownership of U.S. firms that collect consumer data. CFIUS ordered Beijing Kunlun Tech to give up its control of Grindr last week, arguing the Chinese firm's ownership of the app — which came under fire last year for sharing customers' HIV status — constituted a threat to U.S. national security.