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Pentagon expands list of China military-linked firms to include Alibaba, Baidu in fresh blow to diplomatic thaw
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- The Defense Department published an updated "1260H list" Monday evening stateside — a roster of companies the Pentagon considers affiliated with China's military or defense industrial base.
- Baidu's American depositary receipts dropped 2.1%, Alibaba slumped 0.8% and BYD slid 0.8%.
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The Pentagon added a slew of Chinese companies, including Alibaba Group, Baidu Inc and carmaker BYD, to a list of entities it believes have aided the Chinese military, complicating the fragile diplomatic relationship between Washington and Beijing.
The Defense Department published an updated "1260H list" Monday evening stateside — a roster of companies the Pentagon considers affiliated with China's military or defense industrial base.
Article preview — originally published by CNBC. Full story at the source.
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