The Strategist

FT: US to add eight Chinese companies to investor blacklist

12/17/2021 - 07:30

According to the Financial Times (FT), which cites its own sources, the US Treasury Department will add eight more Chinese enterprises to its blacklist for comprehensive surveillance of Uighurs in the Xinjiang Uighur Autonomous Region (XUAR).

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DJI Technology, the world's largest commercial drone maker, will also be included in the list.

The list will be updated soon. It presently has about 60 Chinese companies on it. When a company gets blacklisted, it is unable to receive finance from US investors.

Last Friday, SenseTime Group, a producer of facial recognition technology that Chinese authorities are apparently employing to spy on Uighurs, was added to the list. As a result, SenseTime's $767 million Hong Kong IPO had to be postponed.

Along with DJI Technology, the following companies will be added to the blacklist: image recognition software developer Megvii, facial recognition system maker CloudWalk Technology, supercomputer maker Dawning Information Industry, artificial intelligence technology developer Yitu Technology, cybersecurity firm Xiamen Meiya Pico, and cloud computing firms: NetPosa Technologies and Leon Technology.