US Adds Tencent (700 HK) to Chinese Military Blacklist; Shares Decline
Tencent Holdings Ltd., a social media and gaming company with a global footprint, slid in US trading on Monday after the Defense Department said the tech firm was a Chinese military business operating in the US.Shenzhen-based Tencent was among several companies that were labeled as Chinese military entities in a Federal Register filing. Contemporary Amperex Technology Co. and Autel Robotics Co. were also included on the roster. Companies on the Chinese military list face delisting from US exchan...
Read more at bloomberg.com