Alibaba shares drop after Pentagon blacklist listing

Alibaba shares drop after Pentagon blacklist listing

Tech in Asia·2026-02-16 13:00

Alibaba Group’s stock fell over 3% in Hong Kong after the Pentagon briefly listed it among Chinese companies allegedly aiding the military, then withdrew the list without explanation.

The updated list also included Baidu, BYD, and Tencent Holdings Ltd., but the entire roster was retracted.

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