June 9, 2026
(FILES) The company logo is pictured during a tour at the Alibaba office in Beijing on April 1, 2026. Chinese tech behemoth Alibaba posted an 18 percent drop in net profit during its most recent fiscal year on May 13, 2026, weighed by challenges in the domestic economy and an expensive push into artificial intelligence. (Photo by WANG Zhao / AFP)
The United States issued an updated list on Monday of Chinese companies that it believes are aiding the country’s military — including e-commerce giant Alibaba, search engine provider Baidu and electric vehicle maker BYD.
The US Defense Department unveiled the designations just weeks after President Donald Trump met Chinese leader Xi Jinping in Beijing, with both sides seeking to maintain stability in the bilateral relationship.
Trump has since invited Xi to pay a reciprocal visit to Washington in September.
