Influential Republican demands US probe into Airwallex’s China ties (opens original article in a new tab)

An influential Republican senator has called for a US Treasury investigation into Airwallex, alleging the company has close ties with the Chinese government and possesses sensitive information about American businesses.

• Influential Republican senator Tom Cotton urged Treasury officials to investigate Airwallex over alleged Chinese government ties
• Airwallex is a payments company backed by local venture capital firms
• Senator claimed Airwallex holds sensitive information about American companies including AI labs and defense contractors