The U.S. Department of Defense on Monday added more than...

Sam Mendoza

·7 days ago

shared a link post in group #🇨🇳 ChinA.I. 🤖🧠🦾🤖via#Artificial Intelligence

The U.S. Department of Defense on Monday added more than a dozen Chinese tech companies including Alibaba and Baidu to a blacklist, a move that could further escalate tensions between the world’s two largest economies.

Electric vehicle makers Byd and Nio, humanoid maker Unitree, Yangtze Memory Technologies and ChangXin Memory Technologies, China’s two largest memory chip makers, were also among those included to the “Chinese Military Companies” list. Created under the 2021 National Defense Authorization Act, the list flags companies that the DoD deems to be owned, controlled or operated by the Chinese military, or to act on behalf of the Chinese military. Most of the companies on the list are state-backed, and it’s the first time that high-profile Chinese tech firms were added. The list bars anyone included from doing business with the DoD and carries no other immediate sanction implications. Still, the designation could have reputation damage.

Several of the companies being added disputed the DoD’s decision and vowed to take actions to get themselves removed. “Alibaba is not a Chinese military company nor part of any military-civil fusion strategy. We will take all available legal action against attempts to misrepresent our company,” an Alibaba spokesperson said in a statement. #Topic of War 

Similarly, Baidu said in a statement: “The suggestion that Baidu is a military company is entirely baseless.” NIO said inclusion to the list will not impact its business, adding that it “will proactively engage with” the DoD, including taking legal actions if necessary, to get itself removed.

Alibaba and Baidu are dual-listed in New York and Hong Kong, while NIO is listed on the NYSE and Byd is listed in Hong Kong. Unitree has filed to go public in Shanghai. Being added to the list doesn’t prevent any U.S. investors from trading their stocks. #A Glance of China 行摄中国 

Chinese smartphone maker Xiaomi was added to a similar list by the Pentagon in 2021 and was removed months later after filing a lawsuit against the department.  #🇨🇳 ChinA.I. 🤖🧠🦾🤖 

thehill.com/policy/defens..

thehill.com

Pentagon accuses Alibaba, BYD of aiding Chinese military

The Pentagon has barred Chinese tech giant Alibaba, electric car maker BYD and search engine Baidu from getting U.S. defense contracts by adding them to its list of Chinese military companies opera…

Sam Mendoza

·7 days ago

shared a link post in group #🇨🇳 ChinA.I. 🤖🧠🦾🤖via#Artificial Intelligence

The U.S. Department of Defense on Monday added more than a dozen Chinese tech companies including Alibaba and Baidu to a blacklist, a move that could further escalate tensions between the world’s two largest economies.

Electric vehicle makers Byd and Nio, humanoid maker Unitree, Yangtze Memory Technologies and ChangXin Memory Technologies, China’s two largest memory chip makers, were also among those included to the “Chinese Military Companies” list. Created under the 2021 National Defense Authorization Act, the list flags companies that the DoD deems to be owned, controlled or operated by the Chinese military, or to act on behalf of the Chinese military. Most of the companies on the list are state-backed, and it’s the first time that high-profile Chinese tech firms were added. The list bars anyone included from doing business with the DoD and carries no other immediate sanction implications. Still, the designation could have reputation damage.

Several of the companies being added disputed the DoD’s decision and vowed to take actions to get themselves removed. “Alibaba is not a Chinese military company nor part of any military-civil fusion strategy. We will take all available legal action against attempts to misrepresent our company,” an Alibaba spokesperson said in a statement. #Topic of War 

Similarly, Baidu said in a statement: “The suggestion that Baidu is a military company is entirely baseless.” NIO said inclusion to the list will not impact its business, adding that it “will proactively engage with” the DoD, including taking legal actions if necessary, to get itself removed.

Alibaba and Baidu are dual-listed in New York and Hong Kong, while NIO is listed on the NYSE and Byd is listed in Hong Kong. Unitree has filed to go public in Shanghai. Being added to the list doesn’t prevent any U.S. investors from trading their stocks. #A Glance of China 行摄中国 

Chinese smartphone maker Xiaomi was added to a similar list by the Pentagon in 2021 and was removed months later after filing a lawsuit against the department.  #🇨🇳 ChinA.I. 🤖🧠🦾🤖 

thehill.com/policy/defens..

thehill.com