US Adds Dozens of Chinese Companies to Military-Linked List

The U.S. Defense Department has added dozens of Chinese companies, including games and technology company Tencent, artificial intelligence firm SenseTime and the world's biggest battery maker CATL, to a list of companies it says have ties to China's military. In recent years, Washington has sought to restrict sharing of advanced technology, including semiconductors and AI, deeming it to be a threat to national security. The U.S.

Defense Department updates its list of 'Chinese Military Companies,' or CMC list, annually. With the latest revision, it includes 134 companies. The National Defense Authorization Act of 2024 bans the Defense Department from dealing with the designated companies beginning in June 2026. Tencent's Hong Kong-traded shares fell 7.3% on Tuesday and the company said it would 'initiate a reconsideration process to correct this mistake,' seek talks with the U.S. Defense Department and if need be take legal measures to get it removed from the list. Tencent is the world's largest video gaming company and operates Chinese messaging platform WeChat.Companies will seek to have decision reversed 'As the company is neither a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base, it believes that its inclusion in the CMC List is a mistake,' Tencent said in an announcement to the Hong Kong Stock Exchange. 'Unlike other lists maintained by the U.S. Government for sanctions or export control measures, inclusion in the CMC List relates only to U.S. defense procurement, which does not affect the business of the Group,' it said.Battery maker CATL said in a statement posted on its website that the company 'has never engaged in any military-related business or activities,' and said that the designation wouldn't have adverse impact on its operation

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Adds Dozens of Chinese Companies to Military-Linked ListThe US Department of Defense has expanded its list of Chinese companies with alleged ties to the Chinese military, prompting reactions from affected businesses.
Source: AP - 🏆 728. / 51 Read more »

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.
Source: ksatnews - 🏆 442. / 53 Read more »

US Adds More Chinese Companies to Military ListThe US Department of Defense has added several more Chinese companies, including battery maker CATL and tech giant Tencent, to its list of companies considered to pose a national security risk. Both companies have denounced the inclusion, stating they are not involved in military activities and have no impact on their business operations. The DoD will prohibit the procurement of goods and services directly from these entities in June 2026, and indirectly in June 2027.
Source: nbcchicago - 🏆 545. / 51 Read more »

US Adds Tencent, Other Chinese Tech Giants to Military Companies ListThe US Defense Department has added Chinese tech giants including Tencent Holdings, CATL, Changxin Memory Technologies, Quectel Wireless and Autel Robotics to its annual list of Chinese military companies. The designation, which has no immediate impact on business operations, has triggered a stock market sell-off for the listed companies. Tencent and CATL have called the inclusion a mistake, stating they are not involved in military activities. This move further escalates tensions between the US and China.
Source: Investingcom - 🏆 450. / 53 Read more »