Alibaba Wins Court Ruling Against Pentagon Restriction, But BABA Stock Dips Premarket Anyway

The Pentagon added Alibaba to its list of Chinese military-linked companies, known as the 1260H list, in June. Chinese tech stocks have faced a sharp selloff in recent months; BABA is down 31% year to date.

The ruling does not remove Alibaba from the blacklist itself. Alibaba secured a court ruling on Monday blocking the administration from enforcing a restriction tied to its U.S.