Chinese Tech Giant Tencent’s Shares Slide After It Is Added To Pentagon Blacklist
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.
Tencent Stock Falls After Pentagon Adds WeChat Owner to 'Chinese Military' List
Shares in Tencent dropped, after the Pentagon added the social-media and videogaming company to its list of "Chinese military companies." Tencent said the addition was "clearly a mistake." Hong Kong-listed stock in Tencent fell more than 7%.
Chinese shares closed lower, weighed down by losses in liquor and telecommunication stocks. The Shanghai and Shenzhen stock ...
Shares of Prosus, Tencent's largest shareholder, fell after the Pentagon labeled the Chinese tech giant as military in nature. In early European trading, Prosus shares fell 1.75% to 35.0 euros.
Asian shares mostly slipped Thursday, led by losses of more than 2% in Chinese benchmarks, as the region’s main stock market ...
China's Shanghai Composite index slipped 0.14 percent to 3,206.92 and the onshore yuan breached a key milestone for the first time since late 2023 amid reports that the People's Bank of China will ...
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