China’s drone maker DJI says products to remain on sale despite US restriction

Chinese drone manufacturer SZ DJI Technology Co Ltd, which was added by the United States along with dozens of Chinese companies to a restricted trade list on Friday, said its products will remain on sale despite the move.

“DJI is disappointed in the U.S. Department of Commerce’s decision”, a representative of the company said in an emailed statement. “Customers in America can continue to buy and use DJI products normally.”

U.S. President Donald Trump’s administration is ratcheting up tensions with China in his final weeks in office.

Tensions between Washington and Beijing have risen amid the handling of the coronavirus, back and forth sanctions, a trade war over tariffs and China’s imposition of its national security law in Hong Kong.

Generally, entity-listed companies are required to apply for licenses from the Commerce Department that face tough scrutiny when they seek permission to receive items from U.S. suppliers. An entity list designation does not bar a company from selling products in the United States.

The U.S. government has previously raised concerns about DJI and other Chinese makers of drones.

In January, the U.S. Interior Department said it was grounding its fleet of about 800 Chinese-made drones and earlier halted additional purchases of such drones.

In May 2019, the U.S. Department of Homeland Security warned U.S. firms of the risks to company data from Chinese-made drones.

Separately, U.S. lawmakers this month opted not to ban the purchase of Chinese drone technology by U.S. agencies as part of an annual defense bill.

Reuters 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.