Alibaba, China Mobile weigh $443m joint investment in US-blacklisted Dahua

Photographer: Qilai Shen/Bloomberg

Alibaba Group Holding and China Mobile Communications Group Co are considering investing 3 billion yuan ($443 million) in Zhejiang Dahua Technology Co Ltd, three people with knowledge of the matter said.

Dahua, China’s second-largest surveillance equipment maker, is among Chinese tech firms that Washington last year placed on a blacklist of companies it said helped Beijing monitor and detain Uighurs and other Muslim minorities. Those blacklisted cannot buy US technology without US government approval.

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