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China threatens retaliation on US after Pentagon blacklists Alibaba, Baidu and BYD


China threatens retaliation on US after Pentagon blacklists Alibaba, Baidu and BYD

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China warned it may retaliate after the Pentagon added major Chinese firms — Alibaba (NYSE: BABA; HKEX: 9988), Baidu (NASDAQ: BIDU; HKEX: 9888), BYD (HKEX: 1211; SZSE: 002594) and NIO (NYSE: NIO; HKEX: 9866) — to a US list tied to Beijing’s military, escalating geopolitical risk. This raises regulatory and market-impact risks for crypto markets, likely increasing volatility across CEX and DEX liquidity, pressuring fundraising and token launches, and heightening security and adoption concerns for DeFi and cross-border crypto services.

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China has warned the United States that it may hit back after the Pentagon added major Chinese companies to a list tied to Beijing’s military. The names include Alibaba (NYSE: BABA; HKEX: 9988), Baidu (NASDAQ: BIDU; HKEX: 9888), BYD (HKEX: 1211; SZSE: 002594), and NIO (NYSE: NIO; HKEX: 9866). Beijing said it was deeply unhappy...
Read the article at CryptoPolitan

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