January 22, 2022

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US, 8 more Chinese companies on the blacklist: DJI is also a drone company

The Biden administration will add eight Chinese companies to the list of those allegedly involved in the surveillance of the Uyghur Muslim minority. Among companies on display, including DJI, the world’s largest commercial drone manufacturer. This was revealed by the Financial Times, according to which the US Treasury is preparing to consolidate its blockchain list of “Chinese companies in the military-industrial sector”, which bans Americans from investing, which already includes 60 groups in the People’s Republic. .

Businesses at the crossroads

The move reflects the recent move by US President Joe Biden to punish China for its oppression of Uyghur and other Muslim minorities in the northwestern region of Xinjiang. Last week, face recognition software company SenseTime postponed its IPO in Hong Kong after the United States reiterated its readiness to add the Facial Times to its list. Other companies allowed include Megvii, Senseme’s main competitor, which last year halted plans to go public in Hong Kong after a separate US blockchain, and the Dawning Information Industry, which develops supercomputer cloud computing services in Xinjiang.

Fire technology

Also included will be CloudWalk Technology, a face recognition software company, Xiamen Meiya Pico, a cyber security team working with law enforcement, Yitu Technology, an artificial intelligence company, Leon Technology, a cloud computing company and NetPosa Technologies, a cloud-based surveillance manufacturer. DJI and Megvii are not traded publicly, but Dawning Information, also known as Sugon, is listed on the Meiya Pico Trade in Shanghai and Lyon, NetPosa and Shenzhen. All eight companies are already on the “company list” for which the business community prevents US companies from exporting technology or technology products.

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White House strategy

The White House and the Treasury do not have the same concept as the DJI. Former US President Donald Trump announced last year that he had “done nothing to justify the inclusion in the list of companies” that were banned from exporting, as he wished. The business sector is expected to add more than twenty Chinese biotech companies to this latest list of companies. The move comes as the United States takes a tougher line on China’s policies in Xinjiang, where more than a million Uyghurs and other minorities are being held in concentration camps. Last week, the White House announced a diplomatic boycott of the 2022 Winter Olympics in Beijing.