The US government has added two major Chinese companies, Tencent and Contemporary Amperex Technology Co. Limited (CATL), to its list of "Chinese military companies". This move is part of a broader effort by the administration of President Joe Biden to expand the list, which now includes 134 companies valued at almost $1 trillion. The list includes four of China's top 20 companies by market capitalization, including Tencent, the world's largest gaming publisher, and CATL, a key battery supplier to Tesla. This move is seen as a significant escalation in the decoupling of the US and Chinese economies, with potential far-reaching consequences for global markets.
https://www.japantimes.co.jp/business/2025/01/08/tech/us-blacklist-china-tech-decoupling/Chinese technology companies including Tencent and CATL are protesting the listing of several US-based companies with ties to the Chinese military on a US government list. The move is seen as an escalation in the ongoing trade tensions between the two nations. The list, which was released by the US Department of Defense, includes 34 entities that have been deemed to be owned or controlled by the Chinese military.
https://www.boston25news.com/news/chinese-tech-giants/XXVLLYJVTBFKFMNPJLILYY3RWQ/The US Department of Defense has added Chinese tech giant Tencent Holdings Ltd., known for its WeChat messaging app, to a list of companies it believes are working with China's military. The list also includes Contemporary Amperex Technology Co. (CATL), the world's largest battery manufacturer for electric vehicles, and ChangXin Memory Technologies Inc. The move is part of US efforts to limit China's development of advanced technologies for military use under its "military-civil fusion strategy", which has helped modernize the People's Liberation Army.
https://mainichi.jp/english/articles/20250107/p2g/00m/0in/009000cTencent, the parent company of Chinese instant messaging app WeChat, saw its Hong Kong-listed shares drop as much as 7% in early trade after being included on a US list of Chinese companies with ties to the military. Tencent stated that it was not a military company or supplier and that the listing had no impact on its business. Other companies listed, including CATL, the world's largest electric vehicle battery maker, and Quectel, also disputed their inclusion, with Quectel saying it did not work with the military in any country and would ask the Pentagon to reconsider its designation. The US list is part of a series of actions taken by Washington to restrict Chinese companies it says pose security risks, weighing on strained relations between the two countries.
https://channelnewsasia.com/world/united-states-adds-tencent-catl-chinese-firms-allegedly-aiding-military-4840891The US Department of Defense has added several Chinese companies to its list of Chinese military companies, including CATL, Quectel, COSCO, Tencent, MGI Tech, and Origincell Technology. The move is part of a broader effort by the US government to restrict Chinese companies it deems pose security risks. The affected companies have responded with criticism, with some calling the designation a mistake. CATL and Quectel said they do not engage in military-related activities and will ask the Pentagon to reconsider its decision. Tencent's shares fell nearly 7% after the announcement, while COSCO's HK-listed shares dropped more than 4%. The Chinese embassy in Washington has also opposed the move, calling it discriminatory and urging the US to correct its practices.
https://www.firstpost.com/world/us-lists-chinese-giants-tencent-catcl-as-firms-working-for-pla-13850533.htmlThe US Department of Defense has added five Chinese companies, including tech giant Tencent and battery maker CATL, to a list of firms that it believes pose a threat to national security. The new additions bring the total number of Chinese military companies on the list to 134, with 57 entities and their subsidiaries included. The listed companies are: Changxin Memory Technologies Inc, Quectel Wireless, Autel Robotics, Tencent, and CATL.
https://www.scmp.com/news/world/united-states-canada/article/3293654/us-adds-tencent-catl-list-chinese-firms-allegedly-helping-beijings-military?module=top_story&pgtype=sectionChinese companies ByteDance and Tencent have outspent Google, Meta, Tesla/xAI and Amazon in units purchased, despite facing challenges from ongoing trade restrictions. This is expected to worsen under the Trump administration.
https://www.techradar.com/pro/chinese-cloud-giants-bought-more-of-nvidias-flagship-ai-chips-than-anybody-else-except-microsoft