US to Hit China's Hikvision With Heavy Sanctions

Hikvision, the Chinese surveillance company, faces a round of US sanctions that could greatly affect its international operations, the Financial Times reported. The Hangzhou-based company’s shares fell as much as 10% on Thursday.

The US administration is aware that measures would have ramifications for the more than 180 countries that use Hikvision cameras, and has been briefing allies on its possible moves, the FT said.

Read the full report: Financial Times.

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Tags: China Tech Sanctions

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.