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Chronicles

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The US bans investing in eight Chinese companies, including DJI and Megvii, for their alleged involvement in surveilling Uyghurs and other minority groups

The Treasury Department has added eight Chinese companies — including DJI, the world's largest commercial drone manufacturer … Source: U.S. Department … .

Axios Zachary Basu

Discussion

  • @ustreasury Treasury Department on x
    Today, Treasury's OFAC identified 8 Chinese technology firms as part of the Chinese Military Industrial Complex. These 8 entities actively support the biometric surveillance & tracking of ethnic & religious minorities in China. https://home.treasury.gov/...
  • @zacharybasu Zach Basu on x
    Huge day for U.S. action on China: As scooped by @Dimi, Treasury has added eight Chinese companies — including DJI, the world's largest commercial drone manufacturer — to an investment blacklist for helping surveil Uyghurs in Xinjiang. https://www.axios.com/...
  • @ericgarland Eric Garland on x
    WHAT? Goldman Sachs and Sequoia Capital have been directly funding a Chinese artificial intelligence company *to help the People's Liberation Army gain an advantage on the battlefield versus the United States.* https://www.washingtonpost.com/ ...
  • @gordongchang Gordon G. Chang on x
    #Americans are financing their own destruction. This must end, immediately. #China #CCP https://twitter.com/...
  • @jeannewhalen Jeanne Whalen on x
    Last year, a Chinese firm agreed to supply battlefield software to a PLA military academy. Soon after, Goldman Sachs invested in the firm & started helping it IPO There was nothing illegal about GS's moves. Critics say that's the problem. w @nakashimae https://www.washingtonpost.…
  • @dericsayers Eric Sayers on x
    🚨 Important article. Like the debate on CFIUS reform, Washington policy change often starts only when there is a clear understanding of the WHY question. ⁦@nakashimae⁩'s detailed story helps answer it. Critical to watch how WH and Congress now react https://www.washingtonpost.com…
  • @pinboard @pinboard on x
    I want to be mad, but honestly this sounds like a huge strategic victory for the United States https://twitter.com/...
  • @isaacstonefish Isaac Stone Fish on x
    In 2020, a Chinese AI company won a contract from a Chinese military academy to provide battlefield command software. What happened next? Goldman Sachs invested in the company, helping it raise $700 million. https://www.washingtonpost.com/ ...