US expected to add Alibaba and others to list of firms allegedly aiding China's military, sources say [Yahoo! Finance Canada]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Yahoo! Finance Canada
WASHINGTON, Feb 13 (Reuters) - The Trump administration is expected to add ?companies, including Alibaba, to a list of ?firms allegedly aiding China's military as soon as Friday, two people ?familiar with the matter said. The Pentagon's 1260H list has not formally imposed sanctions on Chinese firms, but under a new law the department will be prevented in ?coming years from contracting ?and procuring from companies on the list. Being added to the list also sends a ?message to suppliers to the Pentagon and other U.S. government agencies about the U.S. military's opinion of the ?firms, some ?of which have sued ?the U.S. over their ?inclusion. Updating the list could antagonize Beijing following a trade truce reached by China's Xi Jinping and U.S. President Donald Trump in October. The list already includes major Chinese firms such as Tencent Holdings, one of China's ?largest tech companies, and CATL, ?a major battery maker in the ?electric vehicle industry. U.S. ?lawmakers sen
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