Pentagon Adds Alibaba and BYD to List of Chinese Military Companies, Impacting U.S. Business Relations
The Pentagon has updated its list of Chinese military companies, adding prominent businesses such as Alibaba, BYD, and Baidu. This list, mandated by Congress in 2021, aims to identify Chinese companies with ties to the Chinese military, including those contributing to the defense industrial base. The inclusion of these companies reflects growing concerns over Beijing's strategy of leveraging non-state businesses for military purposes. The Chinese Embassy criticized the U.S. for overstretching national security concepts and creating discriminatory lists. Alibaba and Baidu have denied any military affiliations. The list now includes 188 entities, up from 130 last year, and while companies on the list can still operate in the U.S., they face reputational damage and potential restrictions.