Jack Ma's Chinese online marketplace Alibaba surged as much as 7% in Wednesday trades.
According to Business Insider, the bump came on the news that Americans wouldn't be banned from investing in the e-commerce behemoth.
Alibaba, Baidu, and Tencent were among a number of Chinese-based companies being eyed by the US Defense Department.
The DOD has a list of firms that it believes support China's military, intelligence, and security services.