HONG KONG—Cloud Software Group, which owns enterprise software brand Citrix, is ceasing business transactions in China, becoming the latest U.S. company to pull back from China.
In 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.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8