Other Chinese companies added to the list included battery maker CATL, which is part of the supply chain for automakers like Ford and Tesla.
Hong Kong stocks rebounded from a six-week low as Tencent Holdings snapped a six-day slump and amid speculation China will step up policy measures to revive growth to end persistent deflation in the economy.
Tencent executed its largest share buyback since 2006, acquiring HK$1.5 billion worth of shares to counter the fallout from a US blacklist.
Tencent Holdings Ltd. repurchased the most shares in nearly two decades after a selloff sparked by the tech firm’s addition to a US blacklist for alleged links to the Chinese military.
The Department of Defense added Tencent, CATL and dozens of firms as ‘Chinese military companies’ in register, stoking steep losses.
Tencent was added to a list of 'Chinese military companies' by the U.S. Department of Defense. Shares slide in Hong Kong after the company's U.S. depository receipts fell about 8% overnight.
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
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."
Financial writer discusses Tencent and CATL being added to the CMC List, versus OFAC List, and Tencent's revenue sources. Click to read.
NBA team celebrations will tip off on Jan 23 when the Golden State Warriors visit the Sacramento Kings, and the Houston Rockets host the Cleveland Cavaliers. Twenty-one NBA teams will celebrate the Year of the Snake with in-arena activations and/or social and digital content.
Readers discuss the influx of foreign users on China's RedNote, tech-military ties, selfish smokers, and a former Hong Kong chief executive's office Feel strongly about these letters, or any other aspects of the news?
RedNote has been thrust into the limelight after more than half a million TikTok users recently joined the platform in protest against a likely imminent ban on the short video app in the United States.