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December 16, 2021 01:00 am

US To Blacklist Eight More Chinese Companies, Including Drone Maker DJI

schwit1 shares a report from the Financial Times: The US Treasury will put DJI and the other groups on its Chinese military-industrial complex companies blacklist on Thursday (Warning: source may be paywalled; alternative source), according to two people briefed on the move. US investors are barred from taking financial stakes in the 60 Chinese groups already on the blacklist. The measure marks the latest effort by President Biden to punish China for its repression of Uyghurs and other Muslim ethnic minorities in the north-western Xinjiang region. The other Chinese companies that will be blacklisted on Thursday include Megvii, SenseTimes main rival that last year halted plans to list in Hong Kong after it was put on a separate US blacklist, and Dawning Information Industry, a supercomputer manufacturer that operates cloud computing services in Xinjiang. Also to be added are CloudWalk Technology, a facial recognition software company, Xiamen Meiya Pico, a cyber security group that works with law enforcement, Yitu Technology, an artificial intelligence company, Leon Technology, a cloud computing company, and NetPosa Technologies, a producer of cloud-based surveillance systems. DJI and Megvii are not publicly traded, but Dawning Information, which is also known as Sugon, is listed in Shanghai, and Leon, NetPosa and Meiya Pico trade in Shenzhen. All eight companies are already on the commerce department's "entity list," which restricts US companies from exporting technology or products from America to the Chinese groups without obtaining a government license.

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