WuXi AppTec
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Chinese pharmaceutical firms’ cost advantages trump Pentagon blacklist: analysts
The Pentagon added Chinese pharmaceutical contractor WuXi AppTec to a list of entities it alleges are linked to the country’s military, but the blacklisting will not stop multinational drug makers from collaborating with China’s biopharmaceutical firms, according to analysts. “We view minimal impact given multinational [companies] in pharma still prefer made-in-China for cost efficiency,” said Cui Cui, head of healthcare research for Asia at Jefferies. “Meanwhile, Wuxi AppTec earnings...
Pentagon blacklists China tech giants as US competition expands
The Pentagon added tech giants Alibaba and Baidu and carmaker BYD to a blacklist of Chinese companies with military ties amid widening competition between the world’s two largest economies. Drug maker WuXi AppTec, robot company Unitree and carmaker Nio were among other businesses added to the 1260H list, according to a US Department of Defence notice. Some Chinese companies no longer operating in the United States were removed in the annual update.
Pentagon expands list of China military-linked firms to include Alibaba, Baidu in fresh blow to diplomatic thaw
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. The designations do not impose sanctions explicitly, but...
US says BYD, Baidu, Alibaba and other tech giants are aiding China's military
US says BYD, Baidu, Alibaba and other tech giants are aiding China's military WASHINGTON: The US on Monday (Jun 8) added Chinese e-commerce giant Alibaba, internet search provider Baidu and automaker BYD to a list of companies it believes are aiding Beijing's military, in a move that could inflame tensions between the countries. The long-awaited update supersedes a list from early 2025, and comes less than a month after President Donald Trump met China's Xi Jinping on a visit to Beijing,...
Pentagon blacklist raises spectre of investment curbs for Chinese tech firms
Pentagon blacklist raises spectre of investment curbs for Chinese tech firms Chinese tech giants including Alibaba and Baidu strongly reject the Pentagon’s characterisation of them as “Chinese military companies” The Pentagon’s expanding blacklist of Chinese companies is increasing reputational risks for some of the country’s biggest technology firms and raising the prospect of future restrictions on access to US investment, according to legal experts. In a Federal Register notice scheduled...
US adds popular Chinese firms to Pentagon's 'Chinese military company' list: Who's on it?
The Pentagon on Monday reinstated and expanded a list of Chinese companies it accuses of supporting China's military, naming major firms including Alibaba Group Holding, Baidu Inc., Tencent Holdings and electric vehicle maker BYD Co. The move is likely to add further strain to already tense US-China relations. The US Department of Defense said the companies had been added to its so-called 1260H list, which identifies entities determined by Washington to be aiding China's People's Liberation...
US adds Alibaba, BYD and other Chinese tech champions to military company blacklist
Advertisement DevelopingUS adds Alibaba, BYD and other Chinese tech champions to military company blacklist Trump administration has designated top China firms as ‘Chinese military companies’ operating in the United States 3-MIN READ3-MIN 8 Listen The Pentagon has added Alibaba, BYD, Baidu and dozens of other Chinese companies to its list of entities it says are linked to China’s military, widening a blacklist that increasingly targets sectors at the heart of US-China technological...
Beijing condemns US move to blacklist Chinese companies
Beijing condemns US move to blacklist Chinese companies China said Tuesday that it “firmly opposed” the US decision to blacklist major Chinese companies including Alibaba and Baidu, after Washington accused them of aiding the Chinese military. Beijing warned against what it called the “unreasonable suppression” of Chinese firms and called on Washington to correct its decision. Beijing said on Tuesday it "firmly opposed" the US blacklisting of Chinese companies, after Washington added tech...