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09.06.26 - 11:18
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Pentagon blacklists China tech giants as US competition expands (SCMP)
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The Pentagon added tech giants Alibaba and Baidu and carmaker BYD to a blacklist of Chinese companies with military ties amid widening competition between the world's two largest economies.
Drug maker WuXi AppTec, robot company Unitree and carmaker Nio were among other businesses added to the 1260H list, according to a US Department of Defence notice. Some Chinese companies no longer operating in the United States were removed in the annual update. Alibaba owns the South China Morning Post.
The......
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09.06.26 - 06:30
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NIO-SW : Inclusion in Chinese Military Companies List Lacks Justification (AAStocks)
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NIO-SW (09866.HK) stated that it has noted the U.S. Department of Defense has included the company on the "Chinese Military Companies" (CMC) list. The company believes that its inclusion on the CMC list lacks justification, as it is neither a Chinese military company nor a contributor to China's military-civil fusion within the ......
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09.06.26 - 04:54
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Alibaba and WuXi AppTec decline in Hong Kong after addition to US blacklist (SCMP)
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Alibaba Group Holding and pharmaceutical contractor WuXi AppTec fell on Tuesday after the US placed them and several other Chinese companies on a blacklist over alleged military links.
Alibaba slipped 0.3 per cent to HK$118.50 and WuXi AppTec tumbled 5.5 per cent to HK$114.60 in morning trading in Hong Kong. Other firms on the list, including electric vehicle (EV) maker Nio and tech giant Baidu, shrugged off the Trump administration's move and rose after trading began. The Hang Seng Index eased......
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05.06.26 - 11:30
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GIGADEVICE, NIO-SW Establish Long-term Strategic Partnership (AAStocks)
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GIGADEVICE (03986.HK) and NIO-SW (09866.HK) officially signed a strategic cooperation agreement. Both parties will establish a long-term and in-depth partnership, focusing on collaborative innovation across the entire automotive chip value chain to support the iterative upgrades of NIO-SW's intelligent electric vehicles.Unde......
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01.06.26 - 19:36
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NIO Soars 7% on Blowout May Deliveries Up 62%, Tesla Sinks 3% as China EV Battle Intensifies (24/7 Wall St.)
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Shares of Nio (NYSE:NIO) are up 7% in midday trading Monday, changing hands near $6 after the Chinese EV maker posted blowout May delivery numbers. The bounce extends a recovery year for Nio stock, which is up 69% over the past 12 months. Tesla (NASDAQ:TSLA) is moving the other direction, with Tesla stock down 3% ... NIO Soars 7% on Blowout May Deliveries Up 62%, Tesla Sinks 3% as China EV Battle Intensifies...
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