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Chinese tech companies Tencent, CATL and others protest US listings as army-linked companies. ZEN SOO. Updated January 7, 2025 at 6:17 AM. 1 / 5. ... CATL's stock fell 2.84% in Shenzhen.
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. ... continued caution regarding Tencent's stock seems warranted.
The annually updated list of Chinese military companies, formally mandated under U.S. law as the "Section 1260H list," designated 134 companies, according to a notice posted to the Federal Register.
Like Tencent, CATL maintains that its inclusion to the list was a “mistake” and that it would proactively engage with the Pentagon to “address the false designation” and take legal action if necessary to protect company and stakeholder interest. CATL's stock fell 2.84% in Shenzhen.
In August 2017, after Tencent announced the second quarter 2016 financial report, the stock price rose by 6.2% in the Hong Kong stock market, and the market value reached US$429 billion. [96] Tencent became the second Asian company after Alibaba Group to surpass US$400 billion market cap. [97]
The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1]. Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day.
The US has added several Chinese technology companies, including gaming and social media giant Tencent and battery maker CATL, to a list of businesses it says work with China's military.
WeBank (Chinese: 微众银行) is a private Chinese neobank, founded by Tencent, Baiyeyuan, Liye Group, and other companies. Tencent is the single largest shareholder, with an estimated 30 percent ownership share. In 2019, WeBank's estimated valuation was US$21 billion. [1]