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 social media and gaming giant and the world’s largest electric vehicle battery maker both announced on Tuesday they would contest their inclusion on an annually updated list of companies determined to have links with China’s military machine.
On Monday, the Department of Defense also removed artificial intelligence group Megvii from the list. Tencent’s announcement comes after investors dumped shares in the country’s largest company by market capitalisation, with shares falling by 7 per cent in Hong Kong on Tuesday. The Pentagon listing will not have any immediate impact on Tencent’s business, but could presage tougher action from the incoming Trump administration.
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US adds Tencent and CATL to list of companies working with China’s militaryShares of WeChat owner and EV battery maker fall after defence department discloses designation
منبع: ftenergy - 🏆 47. / 63 ادامه مطلب »
Tencent Shares Plunge After Pentagon Designates It as Chinese Military CompanyTencent's US-listed shares dropped sharply after the Pentagon added the tech giant to a list of Chinese companies deemed to be operating with the Chinese military. While the designation carries no immediate legal consequences, it raises reputational concerns for Tencent, which owns the widely used messaging app WeChat. The Pentagon's move is part of a broader US effort to counter China's military ambitions and technological advancements.
منبع: FT - 🏆 113. / 51 ادامه مطلب »
US Adds Tencent to Military Company ListThe US Department of Defense has added Chinese tech giant Tencent to its annual list of “Chinese military companies”. While inclusion doesn’t automatically result in a ban, it raises concerns about Tencent’s potential ties to China’s military. Tencent, known for its WeChat messaging platform and gaming services, maintains its inclusion is an error and plans to appeal. The PLA could potentially leverage Tencent’s ubiquitous platform and cloud services for its modernization and defense efforts.
منبع: TheRegister - 🏆 67. / 61 ادامه مطلب »