US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing's military
By Michael Martina, David Shepardson and Karen Freifeld WASHINGTON/NEW YORK (Reuters) -The U.S. Defense Department said on Monday it has 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.
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.
Shares of Tencent fall 5% in Hong Kong after U.S. designates it as 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.
The US just added Tencent to its list of ‘Chinese military’ companies
While the Chinese internet giant Tencent is best-known for its super-app WeChat, it’s also a major investor in U.S. tech companies and startups. Some of its most notable and still active investments include Reddit,
US Adds Tencent, CATL To List Of 'Chinese Military Companies'
The US Department of Defense has added tech giant Tencent and battery manufacturer CATL to a list of companies it says are affiliated with Beijing's military.
US designates Tencent and CATL as Chinese military companies
The designation could make it harder for the owner of Riot Games and the world’s largest EV battery maker to do business in the US.
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