In a move that has significant implications for the tech industry, the Pentagon has formally labeled Chinese e-commerce giant Alibaba and electric car manufacturer BYD as entities that are aiding the Chinese military. The designation, which is part of the US government's efforts to counter the growing influence of Chinese technology, means that US companies will be restricted from doing business with these entities. The decision marks a major escalation in the ongoing trade tensions between the US and China, and is likely to have far-reaching consequences for companies operating in the US-China tech ecosystem. As the US continues to crack down on Chinese technology firms, the future of these companies in the US market remains uncertain.
Pentagon labels tech giant Alibaba and electric car maker BYD as aiding Chinese military ABC News - Breaking News, Latest News and Videos
