The Pentagon has added Chinese tech giants Alibaba, Baidu, and automaker BYD to a list of companies it believes support China's military. This move prohibits the US Defense Department from contracting directly with these firms starting later this month, and from buying their products through third parties by 2027. The update highlights ongoing US concerns about Chinese technology's role in national security and complicates US-China relations despite recent trade talks. Some affected companies, like WuXi AppTec, have disputed their inclusion and plan to seek removal from the list.
The Oakmark International Strategy portfolio posted a net return of 8.28% for the reporting period, underperforming the MSCI World ex USA Index which returned 10.22%. Key contributors to the portfolio's performance included Samsung Electronics Pfd, a...
A class action lawsuit has been filed against Alibaba Group Holding Limited by investors who bought Alibaba securities between June 26, 2025, and June 24, 2026. The lawsuit alleges that Alibaba was included on a U.S. Department of Defense list of Chi...
Robbins Geller Rudman & Dowd LLP announced a class action lawsuit against Alibaba Group for alleged violations of securities laws between June 2025 and June 2026. The lawsuit claims Alibaba and its CEO made false or misleading statements about the co...
Pomerantz LLP is investigating Alibaba Group Holding Limited for possible securities fraud and unlawful business practices following reports that Alibaba illicitly accessed an AI model and entered a $600 million non-prosecution agreement with the US ...
Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Alibaba securities between June 26, 2025, and June 24, 2026. The lawsuit alleges that Alibaba made false or misleading statements about its affiliation with the Chin...
