
Pentagon adds Alibaba, Baidu to China military list; stocks fall
The U.S. Department of Defense added Alibaba, Baidu, and other Chinese firms to a list of 'Chinese Military Companies' on June 9, 2026. This move may impact their business with the U.S. government, as direct contracting bans will start on June 30, 2026, and broader rules on supply chains may follow a year later. Stock prices for these companies dropped after the news, but analysts suggest this is more of a warning than a sign of immediate financial loss. The companies deny any links to the Chinese military and may challenge the decision in court, though this process could take months. Experts note that these rules might make companies outside of defense think carefully about working with the listed firms.













