Alibaba

On Jun 8, the Pentagon adds Alibaba to its roster of Chinese military companies operating in the US, known as the 1260H list

In the US, tech platforms have come under intense legal scrutiny for similar features

The company may potentially raise as much as about US$3 billion as more investors may take part in future

The settlement comes at a delicate time for Alibaba in the US

The move is another setback for platforms that used customs exemptions to sell goods at ultra-low prices

Moves to drop Chinese clients highlight the rising importance of the Pentagon’s blacklist as a tool in US-China rivalry

The AI startup’s calls for additional government support in countering what it sees as unfair practices by Chinese rivals

The lawsuit seeks the company’s removal from the list

The 618 festival has evolved from a one-day event to a weeks-long extravaganza from major e-commerce firms