The U.S. government has identified at least three tech companies as being at risk of financial collapse, according to a new report from the Government Accountability Office (GAO).
The report, released on Tuesday, is based on more than 30 interviews with top government officials and executives in both the private and public sectors.
The companies are:Baidu, Alibaba, Baidu’s parent company, and Xiaomi.
The GAO says the three are the only tech companies with “significant financial or technical risk.”
The GAO also says these three companies face “systemic vulnerabilities” that could threaten the integrity of the U.K. financial system and the global financial system.
It’s unclear whether the companies’ financial vulnerabilities will ultimately cause the U,S.
or both of them to collapse, but it does seem that the companies are vulnerable to systemic financial collapse.
The companies are all “commercially important,” the GAO said.
Baidun has the largest market share in China and the U-K.
with more than 90 percent of the global internet market.
Alibaba has a market share of 70 percent.
Xiaomi has the most revenue of any company in China.
The GAI did not specifically name the three companies, but the agency said the three have “significant systemic vulnerabilities” in their business models.
The three companies have a “history of significant financial problems and substantial regulatory risk,” it said.
“These companies have been exposed to substantial regulatory risks that could result in their failure, including the imposition of significant fines and possible closure of their business.”
It also said these companies have “an extensive history of failure to adhere to regulatory requirements and procedures.”
“These companies face systemic risks from financial crises, including breaches of regulatory or other regulatory controls, including financial and compliance risks,” the report said.
The report also noted that Baiduo, which is the largest Chinese search engine, has faced “financial difficulties.”
Baiduo said in a statement that the company has been “forced to shut down the operation of the Baidui platform for several months” and that it is “actively investigating all potential risks related to our platform.”