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BABA-W (09988.HK) Sues US Department of Defense, Seeks Removal from Military-Linked Blacklist
2026-06-24 08:08:27 BABA-W (09988.HK) has filed a lawsuit against the US Department of Defense, seeking to have the group removed from a blacklist alleging support for the Chinese military, arguing that its inclusion was arbitrary and unfair. BABA-W stated that the US Department of Defense placed the group on the list of entities allegedly supporting the Chinese military without providing substantive evidence or explanation. The company said the decision violates due process protections under the US Constitution and infringes upon its right to free speech. Earlier this month, the US Department of Defense updated its Section 1260H list of Chinese companies allegedly supporting the Chinese military. Companies on the list include BABA-W (09988.HK), BIDU-SW (09888.HK), BYD COMPANY (01211.HK), ChangXin Memory Technologies, Yangtze Memory Technologies, WUXI APPTEC (02359.HK), ROBOSENSE (02498.HK) and Unitree Robotics, among others. BABA-W said it has engaged in communications with the US Department of Defense for several months, providing detailed evidence to demonstrate that it does not support the Chinese military. The company added that it responded to relevant inquiries and submitted written replies, but has not received any response from the Department of Defense. (mn/j)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |