Shares of Tencent Holdings sank 7% in Hong Kong trading Tuesday after the WeChat parent was added by the U.S. Department of Defense to its list of "Chinese military companies."
This action has triggerred a sharp selloff of its stock. Tencent executed its largest single-day share buyback since 2006, acquiring 3.93 million Hong Kong-listed shares for HK$1.5 billion ($193 million), as per data compiled by Bloomberg. The shares were ...
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.
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.
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 C
Battery maker CATL and tech firm Tencent said they are seeking removal from the Pentagon's list of companies it says are linked to China’s military.
Tencent said the addition was "clearly a mistake." Hong Kong-listed stock in Tencent fell 7.3%. The pullback weighed on the city's Hang Seng Index. Tencent is one of the largest components of the ...
China International Capital Corp (CICC) and China Securities Co. (CSC) have also been appointed to work on the float, the sources said, declining to be named as the information is confidential.
it believes that its inclusion in the CMC List is a mistake,” Tencent said in an announcement to the Hong Kong Stock Exchange. “Unlike other lists maintained by the U.S. Government for ...
it believes that its inclusion in the CMC List is a mistake,” Tencent said in an announcement to the Hong Kong Stock Exchange. “Unlike other lists maintained by the U.S. Government for ...
it believes that its inclusion in the CMC List is a mistake,” Tencent said in an announcement to the Hong Kong Stock Exchange. “Unlike other lists maintained by the U.S. Government for ...