Tencent shares fall 5% in Hong Kong after U.S. designates it as a Chinese military company
Written by Black Hot Fire Network on January 7, 2025
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 added . . .
