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
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.
Video game publisher Tencent was one of several Chinese companies that the United States Department of Defense (DoD) claimed had links to China. On Tuesday, the Pentagon announced it had added dozens of Chinese-based firms – including Tencent,
Disclosed in its statement, TENCENT (00700.HK) -2.600 (-0.680%) Short selling $1.56B; Ratio 23.988% reduced its holdings of UBTECH ROBOTICS by 19.0426 million shares on January 3 and 7 to cash in ...
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,
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 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.
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,
Ubtech specializes in humanoid robots, and was publicly listed in 2023 with investments from Tencent Holdings Ltd (HK: 0700) and ICBC. The partnership with Foxconn will likely leverage the company’s expertise in robotics with the Taiwanese giant’s electronics manufacturing capabilities.
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.
The US Defense Department said on Monday it has added Chinese tech giants including gaming and social media leader Tencent to a list of firms it says work with China's military.
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.