Secretary of Commerce Gina Raimondo and her husband own a financial stake in WeChat parent company Tencent Holdings, even as the Commerce Department reviews a ban of the Chinese tech giant. Raimondo and her husband Andrew Moffit own a stake worth between $21,500 and $44,500 in Tencent Holdings, according to a financial disclosure filed Jan. 19 with the Office of Government Ethics (OGE). The recently-confirmed commerce secretary promised to divest from other financial positions, citing potential conflicts of interest, but did not mention divesting from her stake in Tencent Holdings. President Joe Biden’s administration is conducting a broad review of the previous administration’s outstanding executive orders related to China including an August action that banned transactions with Tencent Holdings. Biden’s Justice Department asked an appeals court to pause a case concerning the ban in February while it reviews the action, The Washington Post reported. “As the Biden administration has taken …
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