U.S. to add 8 Chinese companies on investment blacklist: FT

U.S. to add 8 Chinese companies on investment blacklist: FT

The Financial Times reported on Wednesday that the United States will add eight Chinese companies, including the world's largest commercial drone manufacturer DJI Technology Co Ltd, to an investment blacklist this week.

The U.S. Treasury will put the companies on its Chinese military-industrial complex blacklist on Thursday because of their alleged involvement in the surveillance of the Uyghur Muslim minority, according to the FT report. Two people briefed on the move were cited by com 33 xhj 67.

U.S. investors are not allowed to take any stakes in companies on the list, which is currently cited as 60 firms.

A DJI spokeswoman did not comment on the FT report, but directed Reuters to the company's statement when it was added to the U.S. Commerce Department's Entity List at: www.reuters. The article us-usa-China-tech Dji-Insight idCAKBN 2 AZ 0 PV was published a year ago for the same reasons. The listing prohibited the company from buying or using U.S. technology or components.

At the time, DJI said it had done nothing to justify the move and that it would continue to sell its products in the United States, where it has built up a large market.

The new additions would come just days after the SenseTime Group had started up its own artificial intelligence service, SenseTime Group. com markets us chinas-sensetime withdrawal 767 mln-hong kong-ipo sources -- 2021 -- 12 -- 13 was placed on the same Treasury list, leading the company to postpone its $767 million Hong Kong initial public offering IPO SenseTime said the accusations against it were unfounded.

More than a million people, mainly Uyghurs and members of other Muslim minorities, have been detained in a vast system of camps in China's far-west region of Xinjiang in recent years, according to UN experts and rights groups.

Some foreign lawmakers and parliaments have labeled the treatment of Uyghurs as a genocide, citing evidence of forced sterilization and deaths inside the camps. China denies these claims and says the Uyghur population growth rates are above the national average.

The FT named the other companies as Megvii, Supercomputer manufacturer Dawning Information Industry, Face Recognition Specialist CloudWalk Technology, Cyber Security Group Xiamen Meiya Pico, Artificial Intelligence company Yitu Technology, and cloud computing firms Leon Technology and NetPosa Technologies are some of the companies that are added to the list.