Back

"Alibaba" resorts to federal court and Beijing punishes American companies

June 24, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
"Alibaba" resorts to federal court and Beijing punishes American companies

The Chinese group Alibaba has filed a lawsuit in the federal court in San Jose to challenge the U.S. Department of Defense's classification of it as a Chinese military company, asserting that this decision is arbitrary and lacks legal procedures and factual basis. A spokesperson for the group denied any connection between Alibaba and military strategies or civil-military integration, explaining that it is a publicly traded company listed on the stock exchange with a diverse shareholder base dominated by major American financial institutions such as JP Morgan, BlackRock, and Citigroup. The current market value of the group is $246 billion after peaking at $838 billion in 2020. Watch the full content on Echourouk...

Share on social media

Related Articles

For these reasons, inspections are being carried out for the 'Algeria-Italy gas pipeline'

For these reasons, inspections are being carried out for the 'Algeria-Italy gas pipeline'

A British company has launched marine inspection and monitoring operations for the gas pipeline 'Transmed', known as 'Enrico Mattei', linking Algeria and Italy across the Mediterranean Sea via Tunisia, to verify the condition of the underwater pipes, their safety, and protection status, in operations continuing until December 15. According to local media reports from the Italian island of Sicily, the inspections began on Tuesday, October 27, in the waters off the Capo Feto area, in the city of Mazara del Vallo on the Italian island of Sicily, and include examining the seabed and the underwater pipes extending in the area, under a decision issued by the Mazara del Vallo port authority, which specifies the conditions for carrying out the works.

Oct 27, 2026echoroukonline.com

News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.