While most companies on U.S. blacklists aren't publicly owned, a handful of big Chinese technology and internet companies, including Alibaba and Baidu, have cloud businesses that could put them in the crossfire.
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An employee in the warehouse of Cainiao Smart Logistics Network, the logistics affiliate of e-commerce giant Alibaba, in Wuxi, China's Jiangsu province in November, 2020. HECTOR RETAMAL/AFP/Getty Images
China’s economic recovery has set it apart in the past year, sending Chinese stocks soaring, and drawing investors. But U.S. investors have had to grapple with increasing risks, including Beijing’s heightened scrutiny of its internet giants, as well as a flurry of U.S. executive orders aimed at restricting U.S. investment in some Chinese companies.
Questions about the state of U.S.-China relations as the Biden administration comes in and the fate of measures introduced in recent weeks raises questions of how U.S. investors should proceed, even as strategists and large investors advocate for China to be part of long-term portfolios.