In the News: DJI Sues Pentagon; Beijing Fills Financing Gap Left By VCs; and China Approves BNP and Prudential Insurance Companies

October 24, 2024 | BY

Krista Lee, Brian Chan &Clarence Lee

The world's largest drone manufacturer fights allegations by the U.S. Defense Department, Commerce Department, and House of Representatives; Chinese government invests in Chinese startups after U.S. venture capital and private equity funds leave China; and Chinese insurance regulator approves insurance firms set up by BNP Paribas and Prudential.

Credit: Es sarawuth/Adobe Stock

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Chinese Drone Maker DJI Disputes US Allegations of Chinese Military Ties 

On October 18, the world's largest drone manufacturer, DJI, sued the U.S. Defense Department in U.S. District Court in Washington for adding it to a list of companies allegedly working with Beijing's military.

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