U.S. to add DJI, seven other Chinese tech firms to investment blacklist
Dec.15,2021
(Image source: DJI)

Asian Tech Press (Dec 15) -- The U.S. Treasury Department will add eight Chinese technology companies, including SZ DJI Technology Co Ltd., the world's largest commercial drone maker, to an investment blacklist this week, the Financial Times reported Wednesday.

Based Treasury blacklist, U.S. investors will be prohibited from purchasing or selling any publicly traded securities of blacklisted entities, or publicly traded derivative securities of such securities, or securities designed to provide an investment exposure to such securities.

In addition to DJI, those to be blacklisted include image-recognition software company Megvii, supercomputer maker Dawning Information Industry, facial recognition company CloudWalk Technology, cybersecurity group XXiamen Meiya Pico Information, artificial intelligence company Yitu Technology, and cloud computing companies Leon Technology and NetPosa Technologies.

The eight technology companies are suspected of involvement in surveillance of the Uyghur Muslim minority.

Last week, Asia's largest AI company SenseTime was placed on the same entity list, leading to the postponement of its $767 million Hong Kong IPO.

The U.S. Commerce Department is also expected to add more than two dozen Chinese companies to its entity list on Thursday, including some involved in biotechnology, the report said, citing sources familiar with the pending action.

You must be login to post a comment.