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,
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 Axes Holdings in WEIMOB INC, UBTECH ROBOTICS; Funds to Be Used for Shareholder Returns/ New Investments
UBTECH ROBOTICS (09880.HK) opened 3.11% lower this morning, bottoming at $48.95. It last traded at $49.6, down 3.6%, with 1.2623 million shares traded at $62.6104 million. Disclosed in its statement,
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 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,
The list also included chip maker Changxin Memory Technologies, Quectel Wireless and drone maker Autel Robotics ... U.S.-traded shares of Tencent, which is also the parent of Chinese instant ...
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.