The Department of Defense accused Tencent and EV battery giant CATL of having ties to China's military. Tencent calls the decision "clearly a mistake."
The US Department of Defense's decision to add Tencent to its Entity List may significantly impact its flagship messaging app, WeChat, especially the international version. This escalation also adds fresh uncertainty to Tencent's relationship with Apple,
The US government's move to add Tencent Holdings, China's most valuable company, to its list of Chinese military firms has raised concerns about further bifurcation in the technology spheres of the world's two largest economies.
Tencent's strong fundamentals and buyback strategy present a buying opportunity despite U.S. blacklisting. Click here to read my analysis of TCEHY stock.
Tencent executed its largest share buyback since 2006, acquiring HK$1.5 billion worth of shares to counter the fallout from a US blacklist.
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.
Yesterday, we reported that the US federal government had placed Chinese video game publisher Tencent - owner of
Tencent's strong social media and fintech segments, coupled with a positive gross profit trend, underline favorable business trends. See why TCEHY stock is a Buy.
The Office of the United States Trade Representative (USTR) has removed Tencent's WeChat from its so-called Notorious Markets List for 2024, according to the USTR Office's website on Wednesday. Tencent was included in the 2023 list.
Eugene Hsiao, head of China equity strategy at Macquarie Capital, says "my best guess here is Tencent and CATL are not major suppliers to the U.S. military, hence the economic risk for them in the near term is fairly minimal,
Nvidia's high-profile CEO, Jensen Huang, made a splash on Monday night when he unveiled in his keynote speech a series of new products, including a $3,000 personal AI computer that will be powered by the highly sought-after Blackwell chip.