Pentagon Blacklists Alibaba, Baidu, BYD, and Others Amid US-China Tech Competition
The US Pentagon added Alibaba, Baidu, and BYD to a blacklist of Chinese companies with military ties under Section 1260H of the National Defence Authorisation Act. Additional firms like WuXi AppTec, Unitree, and Nio were also included. Some Chinese companies no longer operating in the US were removed from the list. The move escalates tensions and raises concerns over future US investment restrictions.
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The Pentagon’s expanding blacklist of Chinese companies is increasing reputational risks for some of the country’s biggest technology firms and raising the prospect of future restrictions on access to US investment, according to legal experts. In a Federal Register notice scheduled for publication on Wednesday, the US Department of Defence designated a broad group of Chinese companies as “Chinese military companies” under Section 1260H of the National Defence Authorisation Act. The latest...
The Pentagon added tech giants Alibaba and Baidu and carmaker BYD to a blacklist of Chinese companies with military ties amid widening competition between the world’s two largest economies. Drug maker WuXi AppTec, robot company Unitree and carmaker Nio were among other businesses added to the 1260H list, according to a US Department of Defence notice. Some Chinese companies no longer operating in the United States were removed in the annual update. Alibaba owns the South China Morning Post. The...