US expected to add Alibaba and others to list of firms allegedly aiding China’s military, sources say

Source: Reuters (via feed)

The U.S. government is expected to add Alibaba and other companies to a list of firms allegedly supporting China’s military. Two sources familiar with the situation said the announcement could come as soon as Friday. The list was initially created during the Trump administration to restrict American investment in companies deemed linked to the Chinese military. The move seeks to tighten oversight on businesses that might aid China’s defense sector. It is part of ongoing efforts to address national security concerns related to foreign companies operating in sensitive industries. Meanwhile, these listings affect investor access to targeted firms. The U.S. continues to monitor and update this list as part of its broader trade and security policies. No official confirmation on the timing has been released at this point. The development highlights persistent tensions between the two countries over economic and defense issues.

BizTrendWire Insight:

Updates to this list influence U.S. investment flows and corporate relations with Chinese companies in defense-linked sectors.


Read full story on Reuters

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