The inclusion in the "Chinese Military Companies" list, updated annually by the Defense Department, restricts U.S. defense procurement from these companies but does not directly impact their business operations. SenseTime, an AI company, also disputes its inclusion, stating it has no factual basis and no material impact on its global operations. The Chinese Ministry of Foreign Affairs has urged the U.S. to lift what it calls illegal sanctions, accusing the U.S. of unjustly suppressing Chinese companies.
Key takeaways:
- The U.S. Defense Department has added Chinese companies Tencent, SenseTime, and CATL to a list of firms with alleged military ties, prompting protests from these companies.
- Tencent and CATL claim their inclusion on the list is a mistake and plan to engage with the U.S. Defense Department to reverse the decision.
- SenseTime disagrees with its inclusion on the list, stating it has no factual basis and no material impact on its global operations.
- China's Ministry of Foreign Affairs has urged the U.S. to lift what it calls illegal sanctions and discriminatory practices against Chinese companies.