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."
US Designates PUBG Maker Tencent as a Chinese Military Company | Firstpost America The Pentagon has named Chinese social media and gaming tech giant Tencent as a company that works with the Chinese military.
Tencent stepped up stock buy-backs after a HK$477 billion sell-off in the past six trading days Hong Kong stocks surrendered gains, sending the benchmark index back to a six-week low, on concern sticky deflation in mainland China will hamper efforts to recharge the economy.
The U.S. Defense Department said on Monday it has added Chinese tech giant Tencent Holdings and battery maker CATL to a list of companies it says work with China's military, in a move set to escalate U.
Asian equities were mixed but mostly lower overnight as Singapore and Korea outperformed and Pakistan and Hong Kong underperformed.
Tencent's strong fundamentals and buyback strategy present a buying opportunity despite U.S. blacklisting. Click here to read my analysis of TCEHY stock.
The US government's move to add Tencent Holdings, China's most valuable company, to its list of Chinese military firms has raised concerns about further bifurcation in the technology spheres of the world's two largest economies.
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
China’s largest public company by market capitalization spent the equivalent of about $193.3 million to buy back 4.05 million shares on Wednesday.
Tencent's strong social media and fintech segments, coupled with a positive gross profit trend, underline favorable business trends. See why TCEHY stock is a Buy.
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 CATL to its list of companies it says have ties to China’s military.
It was almost a year before a handful of Chinese AI chatbots received government approval for public release. Some questioned whether China’s stance on censorship might hobble the country’s AI ambitions.