Tencent shares fall as US designates publisher a Chinese military company

Chinese megacorp Tencent has seen its shares fall by 8% in Hong Kong following the US Department of Defense’s decision to designate the corporation as one of 134 “Chinese military companies”.

The William M. (Mac) Thornberry National Defense Authorisation Act for Fiscal Year 2021 act requires the US Department of Defense to identify and publish an annual list of “Chinese military companies” until 2030. … [MORE]

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