Tencent Shares Slide After Pentagon Blacklists Chinese Tech Giant
Chinese internet giant Tencent’s shares slumped sharply on Tuesday after the company was added to a Pentagon blacklist for its alleged links with the Chinese military, prompting criticism from authorities in Beijing and denial by the company.
Tencent and CATL shares tumble as US blacklists Chinese firms over military links
Tencent and Contemporary Amperex Technology Co. Ltd. (CATL) have been added to a US blacklist for alleged ties to China’s military.
Tencent shares decline after US adds company to Chinese military blacklist
CATL joined Tencent on a Federal Register of entities deemed to have ties with the PLA. Both companies protested their inclusion as a mistake, saying they have no ties with the military.
Chinese Tech Giants Tencent, CATL and Others Protest US Listings as Army-Linked Companies
The U.S. Defense Department has added major Chinese technology companies including gaming and technology company Tencent, artificial intelligence firm SenseTime and the world’s biggest battery maker C
Tencent and CATL consider legal action over inclusion on Pentagon blacklist
Tencent and CATL are planning legal action to challenge being placed on a Pentagon list as “Chinese military companies”, if talks with the US defence department fail to get their new designations dropped.
US Blacklist of China’s Tech Giants Risks Even Faster Decoupling
The US’s latest move to expand its list of Chinese military companies risks doing more than tanking the shares of some of its most valuable companies: It also threatens to accelerate decoupling of the world’s biggest economies.
Prosus Shares Fall After Tencent Labeled as Military in Nature by Pentagon
Shares of Prosus, Tencent's largest shareholder, fell after the Pentagon labeled the Chinese tech giant as military in nature. In early European trading, Prosus shares fell 1.75% to 35.0 euros. However,
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%.
Tencent Stock Sinks After Pentagon Labels It 'Chinese Military' Company
Shares of Tencent Holdings sank 7% in Hong Kong trading Tuesday after the WeChat parent was added by the U.S. Department of Defense to its list of "Chinese military companies." ...
CATL’s Outsized Share of World’s EV Cell Market Highlights Risks
CATL’s market share in 2024 was about 37%, well ahead of Chinese rival BYD Co. at 17%, which considering it also makes cars, predominantly supplies itself. Between the two, they’re responsible for ...
Tencent loses billions in market value after the U.S. accuses the video game giant of links to China’s military
The Department of Defense accused Tencent and EV battery giant CATL of having ties to China's military. Tencent calls the ...
5 Things to Know Before the Stock Market Opens
U.S. stock futures are little changed after indexes were mixed Monday; Nvidia stock adds to all-time high after CEO comments; ...
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Tencent calls US DoD listing a mistake
Tencent called a move to add it to a list of companies suspected of working with the Chinese military a mistake.
Stellantis Italy output falls 37% in 2024, car production hits 68-year low
Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car ...
Chinese tech stocks suffer fresh hit as US drags Tencent, CATL into military sphere
Some of China’s biggest private technology companies took a fresh hit in the stock market after the US added Tencent Holdings ...
US blacklists PUBG Mobile developer, Tencent, for alleged links to the Chinese military
The US blacklisted Tencent and CATL for alleged links to the Chinese military, impacting major gaming and EV sectors. Both ...
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CATL Launches the Bedrock Chassis That Withstands 120 km/h Impact Without Catching Fire or Exploding
In the future, CATL will continue to break technological barriers through continuous innovation, and work with partners to ...