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.
'Putting Tencent, CATL on US list is suppression'
Beijing on Tuesday accused Washington of "unjustified suppression" after the US Defence Department added tech giant Tencent and battery manufacturer
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, 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.
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.
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, CATL added to Pentagon blacklist
Tencent, known for its messaging app WeChat, and CATL, the world’s largest battery maker, have both reportedly denied any military connections, labeling their inclusion as a mistake. Tencent's spokesperson is said to have emphasized that the designation would not impact its business operations, while CATL echoed similar sentiments.
Tencent Shares Decline After US Adds Company to Chinese Military Blacklist
Tencent Holdings Ltd. slid in US trading on Monday after the Defense Department designated the technology firm a Chinese military company operating in the US.
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