00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Pentagon updated its list of Chinese military companies to 188 entities,
00:07adding major non-defense firms, including Alibaba, BYD, and Baidu, according to the Associated Press.
00:15The Pentagon said all three companies are affiliated with China's Ministry of Industry
00:19and Information Technology. The updated list reflects U.S. concern that China taps civilian
00:24companies for military purposes. Companies on the list cannot receive U.S. defense contracts
00:30and face reputational damage. Alibaba, BYD, and Baidu each denied the designations have any basis.
00:37The House Select Committee on the Chinese Communist Party called for listed companies
00:41trading on U.S. exchanges to be delisted. Chinese robotics firm Unitree, known for its dancing
00:46robots, was also added to the list. For all things money, visit Benzinga.com.
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