
Sanctions under the Protecting American Intellectual Property Act target Shanghai Zhisuan Technology, MiraclePlus and three related entities.
The US State Department imposed sanctions under the Protecting American Intellectual Property Act on five Chinese entities suspected of stealing trade secrets from US companies, including Shanghai Zhisuan Technology and MiraclePlus.
AI-generated summary
Ding Linwei was convicted of seven counts of trade secret theft in January, though acquitted on economic espionage charges.
The US State Department announced on Monday that it was imposing sweeping sanctions under the Protecting American Intellectual Property Act (PAIPA) on five Chinese entities suspected of stealing trade secrets from American companies.
The targets include Shanghai Zhisuan Technology, founded by former Google software engineer Ding Linwei, venture capital firm MiraclePlus and three related entities.
Ding was convicted of seven counts of trade secret theft in January. A federal judge subsequently acquitted him on seven additional counts of economic espionage, finding insufficient evidence that he knew or intended at the time of the thefts that his conduct would benefit the Chinese government. The theft convictions remain in place.
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