The Department of Defense accused Tencent and EV battery giant CATL of having ties to China's military. Tencent calls the decision "clearly a mistake."

By Michael Martina, David Shepardson and Karen Freifeld WASHINGTON/NEW YORK (Reuters) - The U.S. Defense Department said on Monday it has added Chinese tech giant Tencent Holdings and battery maker CA

The US government's move to add Tencent Holdings, China's most valuable company, to its list of Chinese military firms has raised concerns about further bifurcation in the technology spheres of the world's two largest economies.

Asian equities were mixed but mostly lower overnight as Singapore and Korea outperformed and Pakistan and Hong Kong underperformed.

The US Defense Department has added Chinese tech companies Tencent, a social media and gaming giant, and CATL, the world’s largest battery maker, to a list of firms that it alleges work with China’s military.

Tencent's strong fundamentals and buyback strategy present a buying opportunity despite U.S. blacklisting. Click here to read my analysis of TCEHY stock.

The Pentagon has designated two major high-profile tech companies — Tencent and CATL — as Chinese military companies operating in the US.

The U.S. Defense Department has added major Chinese technology companies including gaming and technology company Tencent, artificial intelligence firm SenseTime and the world’s biggest battery maker CATL to its list of companies it says have ties to China’s military.

Tencent's strong social media and fintech segments, coupled with a positive gross profit trend, underline favorable business trends. See why TCEHY stock is a Buy.

It was almost a year before a handful of Chinese AI chatbots received government approval for public release. Some questioned whether China’s stance on censorship might hobble the country’s AI ambitions.

China’s largest public company by market capitalization spent the equivalent of about $193.3 million to buy back 4.05 million shares on Wednesday.

The Office of the United States Trade Representative (USTR) has removed Tencent's WeChat from its so-called Notorious Markets List for 2024, according to the USTR Office's website on Wednesday. Tencent was included in the 2023 list.