The Pentagon on Tuesday added Tesla battery-maker Contemporary Amperex Technology, or CATL, and internet and gaming giant Tencent Holdings to its list of companies it says have ties to the Chinese ...
Chinese internet giant Tencent’s shares slumped sharply on Tuesday after the company was added to a Pentagon blacklist for ...
Following the announcement, Tencent's shares dropped by 7.8% in Hong Kong, while CATL's stock saw a 6% decline in Shenzhen.
Tencent owns Riot Games, and Supercell, and has stakes in Reddit, Snap, and Epic Games. CATL, a key supplier to Tesla Inc. TSLA, similarly rejected the designation, stating it has “never engaged ...
Shares of tech giant Tencent, Tesla supplier Contemporary Amperex Technology and other Chinese companies fell after being labeled by the Pentagon as companies with alleged links to China's military.
China’s largest public company by market capitalization spent the equivalent of about $193.3 million to buy back 4.05 million ...
The Pentagon has designated two major high-profile tech companies — Tencent and CATL — as Chinese military companies operating in the US.
Washington's addition of CATL to a list of firms it says work with China's military could put Tesla founder Elon Musk in a ...