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Pentagon Withdraws 1260H List Adding Alibaba, BYD and Baidu, Removing YMTC and CXMT
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6 Articles
digitimes.com
technewstube.comPentagon withdraws 1260H list adding Alibaba, BYD and Baidu, removing YMTC and CXMT
The Pentagon briefly published an updated list of Chinese companies alleged to have ties to the People’s Liberation Army, then withdrew it within an hour. The episode highlights Washington’s attempt to ease trade tensions with Beijing while maintaining pressure on technology and national security ahead of an expected April meeting between President Donald Trump and Xi Jinping.
Alibaba shares fall after Pentagon briefly blacklists Alibaba Group Holding Ltd. shares led a sell-off in Chinese technology stocks after the Pentagon added them to a list of companies providing assistance to the military. The Pentagon later withdrew the list without explanation, but the shares have already fallen.
On Friday, the Pentagon added Alibaba Group Holding Ltd., BYD Co., Baidu Inc., and TP-Link Technologies Co. to a list of companies that assist the Chinese army, before withdrawing it minutes later without explaining it. The move shook the shares of the affected listed companies and left analysts wondering what the Trump administration's intentions were. If the list were republished, they pointed out, it would be a demonstration of strength befor…
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