Pentagon · Alibaba · China · U.S. · Fortune Technology
Pentagon accuses Alibaba, Baidu and BYD, three of China’s biggest companies, of supporting the Chinese military
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The Pentagon accused some of China’s biggest companies including Alibaba Group Holding Ltd., Baidu Inc. and BYD Co. of supporting the Chinese military, doubling down on an earlier decision to label crown jewels of the country’s corporate world as threats to US national security.
Key facts
- American depositary receipts in Alibaba fell 1% to $119.84 at 3:40 p.m
- The Pentagon accused some of China’s biggest companies including Alibaba Group Holding Ltd., Baidu Inc. and BYD Co
- The Defense Department announced the designations Monday in an update to a roster of companies that it has determined aid the People’s Liberation Army
- Tencent was added to the list in 2025 and has been seeking its removal
Summary
The Defense Department announced the designations Monday in an update to a roster of companies that it has determined aid the People’s Liberation Army. With the move, the US has now declared that three of China’s most prominent artificial intelligence champions, Alibaba, Baidu and Tencent Holdings Ltd., are aiding the Asian country’s armed forces. American depositary receipts in Alibaba fell 1% to $119.84 at 3:40 p.m.