23andMe filed for Chapter 11 bankruptcy protection

23andMe announced last month that it had voluntarily filed for Chapter 11 bankruptcy protection and intended to sell substantially all of its assets. In a press release announcing its entrance into bankruptcy proceedings, the company said it is “committed to continuing to safeguard customer data” and that “data privacy will be an important consideration in any potential transaction.”As genetic testing company 23andMe seeks to sell the consumer data of millions of Americans as part of its bankruptcy proceedings, Senate HELP Committee Chairman Bill Cassidy is opening up a probe into the company to ensure that users’ medical data and DNA do not fall into the wrong hands. Do you think that China can acquire 23andMe for its interests?