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Pentagon's Brief Allegations Sink Alibaba, Baidu Stocks

2/16/2026

24 2 Full Breakdown

Summary

Story summary

The Pentagon briefly added Alibaba Group, Baidu, and BYD to a list of companies allegedly aiding China's military.
The Pentagon withdrew the list without explanation.
Alibaba Group's stock fell over 3%, and Baidu and BYD dropped about 1%.
Alibaba Group and Baidu denied the allegations that they are tied to the Chinese military.
The list now includes over 130 entities linked to the Chinese military.

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Story summary

The Pentagon briefly added Alibaba Group, Baidu, and BYD to a list of companies allegedly aiding China's military.
The Pentagon withdrew the list without explanation.
Alibaba Group's stock fell over 3%, and Baidu and BYD dropped about 1%.
Alibaba Group and Baidu denied the allegations that they are tied to the Chinese military.
The list now includes over 130 entities linked to the Chinese military.