The Pentagon on Tuesday added Tesla battery-maker Contemporary Amperex Technology, or CATL, and internet and gaming giant Tencent Holdings to its list of companies it says have ties to the Chinese military.

Following the announcement, Tencent's shares dropped by 7.8% in Hong Kong, while CATL's stock saw a 6% decline in Shenzhen.

Chinese internet giant Tencent’s shares slumped sharply on Tuesday after the company was added to a Pentagon blacklist for its alleged links with the Chinese military, prompting criticism from authorities in Beijing and denial by the company.

The Defense Department has added dozens of Chinese firms to a list of companies that are prohibited from working with the Pentagon and defense industry due to their alleged ties with China’s

Tencent owns Riot Games, and Supercell, and has stakes in Reddit, Snap, and Epic Games. CATL, a key supplier to Tesla Inc. TSLA, similarly rejected the designation, stating it has “never engaged ...

The Department of Defense on Monday added the battery giant CATL to its list of "Chinese military companies" operating in the United States.

Shares of tech giant Tencent, Tesla supplier Contemporary Amperex Technology and other Chinese companies fell after being labeled by the Pentagon as companies with alleged links to China's military.

The Pentagon has flagged Tencent, a top Chinese social media and gaming giant, as a 'Chinese military company.' The move comes as a new chapter in the US-China tensions. The ban list now features 134 companies,

The US has taken aim at one of a handful of firms considered frontrunners in the race to develop an answer to ChatGPT.

The Pentagon on Tuesday added Tesla battery-maker Contemporary Amperex Technology or CATL, and internet and gaming giant Tencent Holdings to its list of companies it says have ties to the Chinese ...

The Pentagon recently added Tesla’s battery suppliers, Contemporary Amperex Technology, and Tencent to its list of companies with ties to the Chinese military. While the designation has minimal direct business impact,

CATL joined Tencent on a Federal Register of entities deemed to have ties with the PLA. Both companies protested their inclusion as a mistake, saying they have no ties with the military.