U.S. Adds Tencent to Chinese Military Companies Blacklist

The Pentagon labeled Tencent as a Chinese military business operating in the US, causing its shares to drop by nearly 10%. The Defense Department also targeted other Chinese companies, including CATL and China Overseas Shipping, adding them to a list of “Chinese military companies.” This move is part of an escalating series of retaliatory actions between the US and China, with tensions rising over economic and technological advances.

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