Chinese corporation Tencent has announced that it will fight its inclusion in the list of Chinese military companies decided by the US Department of Defense. Earlier this week, the news caused a significant drop (around 10%) in the company’s stock. Tencent is seeking a negotiation with the US Department of Defense but may also initiate a lawsuit if it cannot reach an agreement. Here’s the full official statement: As the Company is neither a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base, it believes that its inclusion in the CMC List is a mistake. […]
Read full article at https://wccftech.com/tencent-fights-against-its-designation-as-a-chinese-military-company-by-the-us-department-of-defense/
