The Pentagon concluded that Alibaba (BABA), Baidu (BIDU) and BYD (BYDDF) should be added to a list of companies that aid the Chinese military, according to a letter to Congress sent roughly three weeks before Donald Trump and Xi Jinping agreed to a broad trade truce, Bloomberg’s Anthony Capaccio reports. Deputy Defense Secretary Stephen Feinberg informed lawmakers of the conclusion in the Oct. 7 letter, a copy of which was seen by Bloomberg News, to 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 so-called 1260H list, which carries no direct legal repercussions but serves as a major warning to U.S. investors, the author adds.
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