US designates Tencent a Chinese military company, adding tech giant to blacklist
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The US Defense Department has designated Tencent Holdings as a Chinese military company, adding it to a blacklist of firms allegedly aiding the Chinese military. This move could impact Tencent's business operations in the US.
January 07, 2025 | 9:45 pm
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Tencent Holdings has been designated by the US Defense Department as a Chinese military company, leading to its addition to a blacklist. This could impact its business operations in the US.
The designation of Tencent as a Chinese military company by the US Defense Department could lead to restrictions on its business operations in the US, potentially affecting its stock price negatively in the short term.
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