Chinese tech giants Tencent, CATL protest US listings as army-linked cos

Quick Summary:

The US Defence 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, prompting some to protest and say they will seek to have the decision reversed.

The National Defence Authorisation Act of 2024 bans the Department of Defence from dealing with the designated companies beginning in June 2026.

The Defence Department updates its list of Chinese Military Companies, or CMC list, annually.

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Category: BusinessFinance

Markets: IndiaChinaHong Kong

Topics: Tencent CATL US army-linked companies Chinese tech giants US China trade war US China ties

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 22:06:46 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24962400

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