The chaos of the TikTok ban is currently unfolding across the US with the app banned either temporarily or permanently depending on how all this plays out.
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.
The U.S. Defense Department has added dozens of Chinese companies, including games and technology company Tencent, artificial intelligence firm SenseTime and the world's biggest battery maker CATL, to a list of companies it says have ties to China's military.
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.
The Department of Defense accused Tencent and EV battery giant CATL of having ties to China's military. Tencent calls the decision "clearly a mistake."
The U.S. Defense Department has added dozens of Chinese companies, including games and technology company Tencent, artificial intelligence firm SenseTime and the world’s biggest battery maker CATL, to a list of companies it says have ties to China’s military,
TENCENT’S Singapore-listed shares, or Singapore Depository Receipts (SDRs), fell nearly 7 per cent on Tuesday (Jan 7) after the US categorised it as a “Chinese military company” (CMC). Read more at The Business Times.
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.
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."