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Tencent Holdings Limited ( (HK:0700) ) has shared an update.
Tencent Holdings Limited announced that it has been mistakenly included in the U.S. Department of Defense’s list of Chinese Military Companies, which pertains to U.S. defense procurement. The company asserts that it is not involved in the Chinese defense industrial base and plans to initiate a Reconsideration Process to address this error. Tencent emphasized that this listing does not impact its business operations or restrict dealings with other entities, and it is actively engaging with U.S. authorities to rectify the situation.
More about Tencent Holdings Limited
Tencent Holdings Limited is a leading Chinese technology company known for its internet-related services and products, entertainment, AI, and technology. It operates in various sectors including social networking, gaming, and digital content.
YTD Price Performance: -0.59%
Average Trading Volume: 13,534
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $484.5B
For a thorough assessment of 0700 stock, go to TipRanks’ Stock Analysis page.
