Alibaba dismissed the designation as entirely baseless, clarifying that the company operates independently of any military-civil fusion strategy. A spokesperson emphasized that the firm intends to pursue legal avenues to challenge the misrepresentation. Similarly, Baidu issued a categorical rejection of the move, stating there is no credible justification for its inclusion and vowing to exhaust all options to secure its removal from the list.
In section Market Quotes
Chinese Tech Giants Challenge Pentagon Military-Ties Designation
Alibaba and Baidu are pushing back against the U.S. Department of Defense after being branded as entities with ties to China's military. The updated Pentagon list, which targets dozens of high-profile tech, robotics, and biotech firms, threatens to complicate the operations of these companies within the American market.
Other companies identified by the Pentagon face similar scrutiny. RoboSense Technology, a manufacturer specializing in vehicle and robotics sensors, asserted that its research remains strictly focused on civilian applications. While major players like BYD, NIO, and Unitree have remained silent regarding the update, the market response in Hong Kong reflected the uncertainty. Shares of WuXi AppTec dropped 7.5% following the announcement, while Alibaba and RoboSense also saw minor declines, contrasting with slight gains for Baidu and BYD.
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