Security
Pentagon Briefly Adds Alibaba, Baidu To 1260H List
The Pentagon briefly named Alibaba, Baidu, BYD and TP-Link as firms aiding China’s military, then removed the update shortly after. Alibaba’s American depositary receipts fell as much as 5% in extended trading, and Baidu’s dropped as much as 4.5%. The whipsaw shows how fast policy risk