Alibaba China sues Pentagon over military classification
Alibaba, the Chinese company, has filed a lawsuit against the Pentagon's decision to classify it as a military company, indicating that the decision harms its reputation and lacks a legal basis. The company explained that it has significant investments in the United States and operates in the fields of e-commerce and cloud computing. It is a publicly traded corporation listed on the stock exchange and has a diverse shareholder base, including American financial institutions such as JPMorgan, Citigroup, and BlackRock. This comes after the U.S. Department of Defense listed Alibaba among the military companies restricted from dealings by the Pentagon after June 30.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)