Commerce Secretary Owns Stake in WeChat Parent Company as White House Reviews Trump’s Ban

Rhode Island Gov. Gina Raimondo delivers remarks after U.S. President-elect Joe Biden announced her as his Commerce secretary nominee at The Queen theater in Wilmington, Del., on Jan. 8, 2021. Chip Somodevilla/Getty Images

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.