Tencent Added to US Defense Department's 'Blacklist' of Chinese Military Companies

The U.S. Department of Defense has added Chinese tech giant Tencent Holdings, Ltd. to its "blacklist" of companies that allegedly aide the Chinese military. The DOD on Monday released its annual updated list of firms operating in the U.S. deemed to be "Chinese Military Companies," which is a requirement under Section 1260H of the Mac Thornberry National Defense Authorization Act of FY2021. Tencent was a new addition to the list.

CCP-AFFILIATED HACKER BREAKS INTO TREASURY DEPARTMENT SYSTEM IN ‘MAJOR INCIDENT’ Hong Kong-listed shares of Tencent, the parent of Chinese instant messaging app WeChat, fell 7.3% on Tuesday, losing about HK$275 billion in market value. Tencent called the DOD's move, which comes two weeks before President-elect Trump takes office, a "mistake.

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US Adds Tencent, Other Chinese Firms to Military-Tied Companies ListThe U.S. Department of Defense has added prominent Chinese companies, including Tencent, SenseTime, and CATL, to its list of companies with ties to the Chinese military. This move is part of the U.S.'s ongoing effort to restrict the transfer of advanced technology to China, citing national security concerns. Tencent, the world's largest video gaming company, has expressed its intention to challenge this designation.
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