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."
Tencent has announced its gaming restrictions for minors in China during the 2025 winter break, allowing only 15 hours of gameplay over 32 days. In
Tencent executed its largest share buyback since 2006, acquiring HK$1.5 billion worth of shares to counter the fallout from a US blacklist.
But several US-based videogame companies, including Microsoft, would be considered US military companies if the same metric was applied to them.
The US-sanctioned Chinese company hopes to have 100,000 apps in its self-developed mobile operating system this year Tencent Holdings' ubiquitous super app WeChat officially launched on HarmonyOS Next in China,
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,
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.
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.
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.
The video game company, best known for owning "League of Legends," was designated a "Chinese Military Company" by the Department of Defense.