Pentagon links Alibaba, Baidu, BYD to security risks
The Pentagon has accused major Chinese companies—including Alibaba, Baidu, and BYD—of supporting the Chinese military, labeling them as threats to U.S. national security. This came as an update to the list of companies believed to be aiding the People's Liberation Army, following a temporary designation issued last February. The move comes amid ongoing tensions between the United States and China over technology, especially artificial intelligence. The announcement caused a decline in the stock prices of these companies, with Alibaba's shares dropping by 0.8% and Baidu's by 2.1%.
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