China's Tech Giants Alibaba, Baidu, BYD Face Fresh US Scrutiny As Pentagon Expands Blacklist

The Pentagon has recently expanded its list of Chinese firms believed to be assisting the Chinese military, with new additions including Alibaba Group (NYSE: BABA ) , Baidu Inc. (NASDAQ: BIDU ) and BYD (OTC: BYDDY ) . The Defense Department on Monday updated its “1260H list,” adding companies it suspects have ties to China’s military or defense-industrial sector. While the new additions do not prompt immediate sanctions, they do prevent the Department from contracting directly with these companies starting later this month. Moreover, the Pentagon will be prohibited from procuring its products or services through third parties starting June 2027. The companies on the list are believed to be associated with China’s State-owned Assets Supervision and Administration Commission . They are identified as contributors to China’s defense industrial base due to their ties to the Ministry of Industry and Information Technology , according to the Defense Department notice. Other firms named on the list include biotech heavyweight WuXi AppTec , lidar manufacturer RoboSense Technology , and Unitree , one of China's leading humanoid robot makers. Also featured are battery producers CALB ... Full story available on Benzinga.com