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 Holdings and Contemporary Amperex Technology Co. Ltd. (CATL) have faced significant stock declines following their recent designation as “Chinese military companies” by the U.S. Department of Defense (DoD).

Asian equities were mixed but mostly lower overnight as Singapore and Korea outperformed and Pakistan and Hong Kong underperformed.

The U.S. Defense Department said on Monday it has added Chinese tech giant Tencent Holdings and battery maker CATL to a list of companies it says work with China's military, in a move set to escalate U.

It was almost a year before a handful of Chinese AI chatbots received government approval for public release. Some questioned whether China’s stance on censorship might hobble the country’s AI ambitions.

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.

While the Chinese internet giant Tencent is best known for its super app WeChat, it’s also a major investor in U.S. tech companies and startups. Some of

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world China unveiled a barrage of incentives in the hope of persuading people to buy more smartphones,

Tencent executed its largest share buyback since 2006, acquiring HK$1.5 billion worth of shares to counter the fallout from a US blacklist.

The US Defense Department has added Chinese tech companies Tencent, a social media and gaming giant, and CATL, the world’s largest battery maker, to a list of firms that it alleges work with China’s military.

Yesterday, we reported that the US federal government had placed Chinese video game publisher Tencent - owner of

The U.S. Defense Department has added major Chinese technology companies including gaming and technology company Tencent, artificial intelligence firm SenseTime and the world’s biggest battery maker CATL to its list of companies it says have ties to China’s military.