Alibaba and Tencent lose their Washington lobbyists as Pentagon rule takes effect
Alibaba and Tencent have lost 9 Washington lobbying firms as defense contractors avoid conflicts under a new Pentagon rule.
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5 Articles
Alibaba and Tencent lose their Washington lobbyists as Pentagon rule takes effect
Washington lobbying firms have been quietly dropping Alibaba and Tencent as clients ahead of a new Pentagon rule that takes effect on Tuesday. According to Bloomberg, Alibaba has lost five lobbying firms and Tencent has lost four since the Defense Department expanded its list of Chinese military companies earlier this month. The departures leave two […] This story continues at The Next Web
With Section 851 of the National Defense Authorization Act taking effect in fiscal year 2025, the lobbying networks of several Chinese companies in Washington, D.C., have been severed. Alibaba has lost five lobbying firms, and Tencent has lost four partners, both companies’ influence in U.S. policy has been hampered.
Impacted by New US Regulations, Alibaba, Tencent, and Others Lose Representatives from Washington Lobbying Firms As the US government introduces new regulations to limit the influence of Chinese companies in the US, Washington's most influential lobbying firms are scrambling to sever ties with Chinese tech giants such as Alibaba Group and Tencent Holdings. This is under a new law that took effect on Tuesday.
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