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Tencent, CATL and Chinese military
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
WASHINGTON: The US Defense Department said on Monday (Jan 6) it had 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.
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 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 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.
3m
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 ...
devdiscourse
10h
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 ...
13h
Tencent, Xiaomi drag Hong Kong stocks to 6-week low on US-China geopolitical concerns
The Department of Defense added dozens of firms as ‘Chinese military entities’ in register on January 7, stoking steep stock ...
Investing
2h
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 ...
1d
on MSN
LG Electronics India, CATL, and other major Asian IPOs to watch out for in 2025
Asia's IPO market is set for a rebound in 2025, with India's record-breaking pipeline and Hong Kong's recovery leading the ...
Interesting Engineering on MSN
3d
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 ...
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