The names of Alibaba (BABA), Baidu (BIDU), and BYD (OTCPK:BYDDF) were suggested by the Pentagon to be included in the list of Chinese military companies, Bloomberg reported on Wednesday, citing a letter addressing U.S. Congress.
The report said Deputy Defense Secretary Stephen Feinberg informed lawmakers of the Pentagon’s stance on the Chinese companies in an Oct. 7 letter, which addressed the heads of the House and Senate Armed Services Committees.
It wasn’t clear whether the companies have been formally included in the Pentagon’s 1260H list, which serves as a major warning to U.S. investors on certain Chinese firms, the report said.
Feinberg said the three companies, along with five others—Eoptolink Technology Inc., Hua Hong Semiconductor Ltd., RoboSense Technology Co., WuXi AppTec Co., and Zhongji Innolight Co.—merit inclusion on the 1260H list.
“In our review of the latest information available, the Department has identified eight entities that it has determined are ‘Chinese military companies’ in accordance with the statute that should be added to the 1260H list,” Feinberg wrote in the letter.
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