US lists China’s BYD, Alibaba, Baidu as ‘Chinese military companies’
Summary
The US Department of Defense has added three Chinese companies, BYD, Alibaba, and Baidu, to its list of Chinese military companies, citing their alleged ties to the Chinese military. This designation is part of the US National Defense Authorization Act, which requires the US to impose specific restrictions on these companies, including possible asset freezes and divestment requirements.
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