The Department of Defense updated its list of companies working with the Chinese military on Monday. Technology company Tencent and a Tesla battery supplier were on it. The DOD has published its list of so-called Chinese military companies annually since 2021 as part of its “effort in highlighting and countering the PRC’s Military-Civil Fusion strategy.

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.

The Defense Department has added dozens of Chinese firms to a list of companies that are prohibited from working with the Pentagon and defense industry due to their alleged ties with China’s

Chinese internet giant Tencent’s shares slumped sharply on Tuesday after the company was added to a Pentagon blacklist for its alleged links with the Chinese military, prompting criticism from authorities in Beijing and denial by the company.

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 ...

The Department of Defense on Monday added the battery giant CATL to its list of "Chinese military companies" operating in the United States.

The US has blacklisted Tencent Holdings Ltd. and Contemporary Amperex Technology Co. Ltd. for alleged links to the Chinese military, targeting the world’s biggest gaming publisher and top electric-vehicle battery maker in a surprise move weeks before Donald Trump takes office.

Shares of Tencent Holdings sank 7% in Hong Kong trading Tuesday after the WeChat parent was added by the U.S. Department of Defense to its list of "Chinese military companies."

The US has taken aim at one of a handful of firms considered frontrunners in the race to develop an answer to ChatGPT.

Technology company Tencent and a Tesla battery supplier were on it. The DOD has published its list of so-called Chinese military companies annually since 2021 as part of its “effort in ...

Ford has a licensing agreement to manufacture electric vehicle batteries with technology from a Chinese company that's under scrutiny at the Pentagon.