The United States has added technology giant China-based Tencent to a list of companies designated as partners with the Chinese military, according to Bloomberg. Tencent is one of the ten biggest companies in the world,
Tencent Holdings' super-app WeChat was removed from a list of "notorious" sellers of counterfeit goods by the US trade office, days after the defence department designated the tech giant as a "Chinese military company".
TENCENT Verifying Suspicion of WeChat Pay Users Being Charged for Face Scan Payment in Different Location'
The US Department of Defense's decision to add Tencent to its Entity List may significantly impact its flagship messaging app, WeChat, especially the international version. This escalation also adds fresh uncertainty to Tencent's relationship with Apple,
Tencent is now designated as a military company by US Dept of Defense. While this may impact its business, there are currently no sanctions or bans in place. Tencent plans to work with the government to address the misunderstanding and get removed from the list.
While the Chinese internet giant Tencent is best known for its super app WeChat, it’s also a major investor in U.S. tech companies and startups. Some of
Tencent Holdings Ltd. repurchased the most shares in nearly two decades after a selloff sparked by the tech firm’s addition to a US blacklist for alleged links to the Chinese military.
The Office of the United States Trade Representative (USTR) has removed Chinese social media leader Tencent's WeChat from its so-called Notorious Markets List for 2024, according to the USTR's website on Wednesday.
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.
Chinese web giant Tencent was added to a U.S. list of military-linked firms, spooking investors and triggering as much as a 7% plunge in its Hong Kong-listed shares.
Tencent Holdings' ubiquitous super app WeChat officially launched on HarmonyOS Next in China, giving Huawei Technologies a vital ally, as it expands the reach of the home-grown mobile operating system and Android replacement.
Goldman Sachs analyst Keung maintains Buy rating on Tencent Holdings. Bullish on company's platform leadership, focus on critical resources, and multi-strategies for exploring AI opportunities.