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"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...

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