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The Nexus
SECURITYJun 8 · 23:12 UTCFORTUNEKate O'Keeffe, Bloomberg

Pentagon accuses Alibaba, Baidu and BYD, three of China’s biggest companies, of supporting the Chinese military

The Pentagon accused Alibaba, Baidu, and BYD of supporting the Chinese military, updating its 1260H list of companies aiding the People’s Liberation Army. The move, which includes Tencent and two Chinese memory chipmakers, triggered stock declines and could precede trade restrictions, though the companies have denied supporting the military.

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Mentioned
PentagonorganizationAlibaba Group Holding Ltd.organizationBaidu Inc.organizationBYD Co.organizationTencent Holdings Ltd.organizationChangXin Memory Technologies Inc.organizationYangtze Memory Technologies Co.organizationPeople’s Liberation Armyorganization1260H listtopicCraig SingletonpersonLiu PengyupersonChinese embassy in Washingtonorganizationartificial intelligencetopic
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