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The US administration on Monday published an updated list of Chinese companies it believes are supporting Beijing’s military, including e-commerce group Alibaba 9988.HK and search engine Baidu.
9888.HK and car manufacturer BYD 002594.SZ.
The Pentagon briefly published an updated list in February, before withdrawing it. The list released Monday contains many of the companies that were added in February.
Other companies added include biotechnology company WuXi AppTec 603259.SS and AI-based robotics company RoboSense Technology Co Ltd 2498.HK.
Although the Pentagon list does not formally impose sanctions on Chinese companies, under a new law the department will no longer be able to contract or procure supplies from companies on the list in coming years.
The addition to this list also sends a message to Pentagon suppliers and other U.S. government agencies about the U.S. military’s view of these companies, some of which have sued the United States over their inclusion.
