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Citrix Owner Becomes Latest U.S. Company to Retreat From China

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Cloud Software Group cites rising costs of business in the market

ShareCloud Software Group, which owns enterprise-software provider Citrix, is ceasing all new commercial transactions in China.HONG KONG—Cloud Software Group, which owns enterprise-software brand Citrix, is ceasing business transactions in China, becoming the latest U.S.

companyIn an email to clients and partners on Monday seen by The Wall Street Journal, Cloud Software Group said it has made the decision to cease all new commercial transactions in China, including Hong Kong, on Dec. 3. It cited rising costs in the market.Continue reading your article with

 

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