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Tencent Call Inclusion on List With Chinese Military Ties a Mistake

Reuters01-07

Tencent Holdings says its inclusion on a list of firms that the Defense Department alleges work with China's military is a mistake. "We are not a military company or supplier," a spokesperson says. "Unlike sanctions or export controls, this listing has no impact on our business." The videogame and social-media company said it will work with the Defense Department to address any misunderstandings. Tencent ADRs fall 7.82% to $49.01.

The US Defense Department said Monday it had added Chinese tech giants, including gaming and social media leader Tencent Holding Ltd. and battery maker Contemporary Amperex Technology Co.,Ltd., to a list of firms it says work with China's military.

The list included new additions Tencent, CATL, chip maker Changxin Memory Technologies Inc (CXMT), Quectel Wireless Solutions Co.,Ltd., and drone-maker Autel Intelligent Technology Corp.,Ltd., according to a document published Monday.

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Comment6

  • M AMRULLAH
    ·01-07
    Please give me 5$ usd
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  • Rapdog
    ·01-07
    I suspect alot of chinese in US military is spying for chinya and alot of chinese in US is a xhina spy.
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  • Rapdog
    ·01-07
    Tesla car might be in china spying for the US military. Mapping the road and sending info back to US. 
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  • neo26000
    ·01-07
    China hasn't said a word about Tesla cars zipping around the country, gathering military secrets and meticulously mapping out the locations of the best xiao long bao. I mean, who would ever suspect that electric cars with cameras everywhere might be doing anything more than just, you know, driving around? Just a coincidence that the finest dumplings are probably part of the "data collection" too, right? Totally innocent, I'm sure.
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  • Jasongan
    ·01-07
    Can sue the taiko for defamation? Or without solid proof.maybe can get back few million🤑 
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  • manta76
    ·01-07
    Load of bs from usa again
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