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Alibaba sues U.S. Defense Department
Alibaba Group has filed a lawsuit in the Federal Court in San Jose to challenge the U.S. Department of Defense's classification of it as a "Chinese military company." The company considers the decision arbitrary and lacking the necessary legal procedures. This classification is part of a list of Chinese companies that the Pentagon believes assist the Chinese military. It prohibits new contracts with these companies and restricts their ability to use lobbying groups in the United States, thereby impacting their business activities. Alibaba asserts that it is a publicly traded company listed on the stock exchange and has a diverse shareholder base, including major U.S. financial institutions.
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