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.
Chinese tech companies Tencent, CATL and others protest US listings as army-linked companies
The U.S. Defense Department updates its list of “Chinese Military Companies,” or CMC list, annually. With the latest revision, it includes 134 companies. The National Defense Authorization Act of 2024 bans the Defense Department from dealing with the designated companies beginning in June 2026.
US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing's military
The U.S. Defense Department said on Monday it has added Chinese tech giant Tencent Holdings and battery maker CATL to a list of companies it says work with China's military, in a move set to escalate U.
Pentagon lists Tencent, CATL as Chinese military companies
The United States has labeled additional Chinese tech and social media firms as Beijing military companies, including multimedia firm Tencent and battery maker Contemporary Amperex Technology, better known as CATL.
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.
US Adds Tencent, Tesla Supplier CATL To 'Chinese Military' Blacklist, Shares Tumble
Following the announcement, Tencent's shares dropped by 7.8% in Hong Kong, while CATL's stock saw a 6% decline in Shenzhen.
Shares of Tencent, CATL Fall After Being Added to Pentagon List
Tencent's shares slid 6.6% in Hong Kong in mid-day trading on Tuesday, making the WeChat owner the top decliner on the city's benchmark Hang Seng Index. Shares of CATL, the world's largest battery maker, were 2.6% lower in Shenzhen.
China Blasts 'Suppression' After US Adds Tencent, CATL To Military Companies List
China on Tuesday accused Washington of "unjustified suppression" after the US Defense Department added tech giant Tencent and battery manufacturer CATL to a list of companies it says are affiliated with Beijing'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.
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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Tencent, CATL added to Pentagon blacklist
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Investor Apprehension Rattles Chinese and Hong Kong Markets
Shares in China and Hong Kong faced significant declines following the U.S. Defense Department's decision to add firms like ...
LG Electronics India, CATL, and other major Asian IPOs to watch out for in 2025
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World’s largest EV battery maker unveils 373-mile-range swappable batteries
Battery maker CATL will roll out a network of 30,000 battery-swapping units in China over the next few years to unlock the ...