Pentagon adds Alibaba, Baidu to Chinese military companies list, blocking U.S. defense contracts
The Pentagon has expanded its Chinese Military Companies List to 188 entities, adding internet giants Alibaba and Baidu, electric vehicle maker BYD, and robotics firm Unitree. The designation prevents these firms from securing U.S. defense contracts and signals continued pressure on Beijing despite recent diplomatic engagement. China's three largest internet companies, valued at roughly $850 billion combined, now face heightened scrutiny from U.S. investors and potential export controls.