Tencent shares fall 8% in Hong Kong after U.S. designates it a Chinese military company
Other Chinese companies added to the list included battery maker CATL, which is part of the supply chain for automakers like Ford and Tesla.
U.S. adds Tencent to list of firms allegedly aiding Chinese military
The U.S. Defense Department said on Monday it has added Chinese tech giants including gaming and social media leader Tencent Holdings and battery maker CATL to a list of firms it says work with China's military.
Tencent Stock Falls After Pentagon Adds WeChat Owner to 'Chinese Military' List
Shares in Tencent dropped, after the Pentagon added the social-media and videogaming company to its list of "Chinese military companies." Tencent said the addition was "clearly a mistake." Hong Kong-listed stock in Tencent fell more than 7%.
US adds Chinese tech giants to list of companies allegedly working with China’s military
The US Defense Department has added Chinese tech companies Tencent, a social media and gaming giant, and CATL, the world’s largest battery maker, to a list of firms that it alleges work with China’s military.
China Blasts US Adding Tencent, CATL To Military Firms List
China on Tuesday accused Washington of "suppression" after the US Defense Department added tech giant Tencent and battery manufacturer CATL to a list of firms it says are affiliated with Beijing's military.
Tencent Designated as a Chinese Military Company by US
The US Department of Defense has classified Tencent, a major investor in several big video game companies, as a Chinese military company. The report from Bloomberg states that Tencent alongside battery maker CATL have been added to a list that classifies them as Chinese military companies.
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