Tencent
(Bloomberg) — 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. Most Read from Bloomberg China’s most valuable company bought back 3.93 million Hong Kong-listed shares on Tuesday, the most since April 2006, […]
US adds Tencent and CATL to list of companies working with China’s military Financial Times Source link
The Pentagon on Monday labeled Tencent, the Chinese social media and gaming giant, as a Chinese military business operating in the United States, the latest action in an escalating series of retaliatory moves between the world’s two superpowers. Tencent’s shares in the United States plunged by nearly 10 percent after the decision by the Defense […]
Jonathan Raa | Nurphoto | Getty Images Shares of Chinese tech heavyweight Tencent Holdings tumbled 5.4% in Hong Kong after the company was added to a list of “Chinese military companies” by the U.S. Department of Defense. The move follows a near 8% fall in Tencent‘s U.S. depository receipts on Wall Street. Other Chinese companies […]
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