Alibaba Group Holding Ltd. led a Chinese tech-share selloff after the Pentagon added some of the country’s biggest names to a list of companies aiding the military — only to withdraw that roster minutes later without explanation.
The Chinese AI leader’s stock slid more than 3% in Hong Kong, while BYD Co. and Baidu Inc. were down about 1%. All three appeared on the updated Pentagon list on the US Federal Register, though it was later declared “unpublished.” The agency also removed two of China’s leaders in memory chips, ChangXin Memory Technologies Inc. and Yangtze Memory Technologies Co.
