The Defense Department has added dozens of Chinese firms to a list of companies that are prohibited from working with the Pentagon and defense industry due to their alleged ties with China’s
Tencent’s shares plunged nearly 10 percent after it was designated a military company. The Chinese battery manufacturer CATL was also added to the list.
By Michael Martina, David Shepardson and Karen Freifeld WASHINGTON (Reuters) - The U.S. Defense Department said Monday 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.
The United States has added Tencent, a leading Chinese technology conglomerate, to its list of firms accused of having ties to China’s military. This move has prompted South Korean game developers, many of whom have received investments from Tencent to access the Chinese market,
The US Department of Defense (DoD) has classified Tencent Holdings and other Chinese companies as "Chinese military companies operating in the United States." According to a federal register filing from the Office of the Under Secretary of Defense (OUSD) for Acquisition and Sustainment,
UBTECH ROBOTICS (09880.HK) opened 3.11% lower this morning, bottoming at $48.95. It last traded at $49.6, down 3.6%, with 1.2623 million shares traded at $62.6104 million. Disclosed in its statement,
The U.S. Defense Department has updated its list of Chinese companies allegedly linked to the People's Liberation Army (PLA). The most notable new names on the list are memory maker Changxin Memory Technologies (CXMT), battery maker CATL, and cloud and gaming giant Tencent, reports Nikkei.
TENCENT Axes Holdings in WEIMOB INC, UBTECH ROBOTICS; Funds to Be Used for Shareholder Returns/ New Investments
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.
The Pentagon has flagged Tencent, a top Chinese social media and gaming giant, as a 'Chinese military company.' The move comes as a new chapter in the US-China tensions. The ban list now features 134 companies,
The Pentagon has added five Chinese companies including Shenzhen-based tech giant Tencent and the world's biggest battery maker CATL to a list of mainland firms that Washington believes pose threats to US national security.
Chinese companies made their presence felt at the tech industry's annual flagship event CES 2025, in terms of the number of participants and their smart products ranging from robotics and smart glasses to electric vehicles (EVs) and home appliances.