Tencent Call Inclusion on List With Chinese Military Ties a Mistake
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 gi