US EditionAlibaba Stock Nosedives as Pentagon Scrutinizes Its Ties to the Chinese Military
4 Articles
4 Articles
The list also included RoboSense Technology Co. and the wireless router manufacturer TP-Link Technologies Co.
On February 13, the Trump administration added some of China's largest companies, including Alibaba and Baidu, to a list of businesses accused of supporting the Chinese military.
Alibaba stock nosedives as Pentagon scrutinizes its ties to the Chinese military
Alibaba (NYSE: BABA) shares slid more than 5% in pre-market on Friday, February 13, following news that the U.S. government is preparing to expand a Pentagon list of companies allegedly supporting the Chinese military. The placement on the Pentagon’s list does not automatically trigger sanctions, rather, it serves as a warning to U.S. partners about potential national security concerns, Reuters first reported citing two familiar with the matter.…
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