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Tencent Makes Biggest Buyback
Tencent Makes Biggest Buyback Since 2006 After US Blacklist
Tencent Holdings Ltd. repurchased the most shares in nearly two decades after a selloff sparked by the tech firm’s addition to a US blacklist for alleged links to the Chinese military.
Tencent Makes Biggest Buyback After Addition to Pentagon List
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.
Military blacklisting prompts Tencent’s biggest buyback in almost 20 years – and pushes Naspers share price down 11%
The US military blacklist does not carry direct sanctions or penalties but discourages US businesses from engaging with these entities. The idea is to identify and discourage US business with companies with alleged connections to the Chinese military.
US UPS pressure on Tencent
The US just added Tencent — which backs US startups — to its list of ‘Chinese military’ companies
While the Chinese internet giant Tencent is best known for its super app WeChat, it’s also a major investor in U.S. tech companies and startups. Some of
Tencent Branded a Chinese Military Company by US Government
Tencent Holdings Limited, the parent company of Tencent Games, is now considered a Chinese military company by the United States government.
U.S. Defense Department bans Tencent and other Chinese companies
The U.S. Defense Department has added dozens of Chinese companies, including games and technology company Tencent, artificial intelligence firm SenseTime and the world's biggest battery maker CATL, to a list of companies it says have ties to China's military.
2h
Buy The Dip: Tencent's Value Thesis Not Changed By U.S. Blacklist Concern
Tencent's strong fundamentals and buyback strategy present a buying opportunity despite U.S. blacklisting. Click here to read ...
10h
on MSN
U.S. blacklist: Near-term earnings impact on Tencent and CATL 'fairly negligible,' says strategist
Eugene Hsiao, head of China equity strategy at Macquarie Capital, says "my best guess here is Tencent and CATL are not major ...
2d
Tencent Shares Slide After Pentagon Blacklists Chinese Tech Giant
Chinese internet giant Tencent’s shares slumped sharply on Tuesday after the company was added to a Pentagon blacklist for ...
6h
Tencent: Growth At The Right Price
Tencent's strong social media and fintech segments, coupled with a positive gross profit trend, underline favorable business ...
2d
on MSN
Chinese tech companies Tencent, CATL and others protest US listings as army-linked companies
The U.S. Defense Department has added major Chinese technology companies including gaming and technology company Tencent, ...
2d
Tencent Plunges After Landing On U.S. List Of Military-Linked Firms
Chinese web giant Tencent was added to a U.S. list of military-linked firms, spooking investors and triggering as much as a 7 ...
1d
US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing's military
The U.S. Defense Department said on Monday it has added Chinese tech giant Tencent Holdings and battery maker CATL to a list ...
Rock Paper Shotgun
1d
World's biggest game publisher Tencent threaten to sue US government for listing them as a Chinese military company
Yesterday, we reported that the US federal government had placed Chinese video game publisher Tencent - owner of ...
2h
Tencent Bid for Assassin’s Creed Demands a Leap of Faith
One of the highlights of Ubisoft Entertainment SA’s Assassin’s Creed game series is the “leap of faith,” when the hooded main ...
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