The chaos of the TikTok ban is currently unfolding across the US with the app banned either temporarily or permanently depending on how all this plays out.
The United States has added technology giant China-based Tencent to a list of companies designated as partners with the Chinese military, according to Bloomberg.
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
CBS owner Paramount Global’s merger with film and TV producer Skydance Media should be reviewed by federal authorities because of the participation of China’s Tencent Holdings Ltd., which was recently added to a US military blacklist,
Earlier this week the US Department of Defense added a new batch of companies to its Chinese military companies blacklist. While inclusion on the list comes with no sanctions, it does have a reputational impact,
Ubisoft Entertainment SA’s founding Guillemot family are considering creating a new venture that would include certain Ubisoft assets as they seek to boost the French video-game company’s value, people familiar with the situation said.
Washington has added Tencent Holdings Ltd.-backed startup Zhipu to a trade-restrictions blacklist, taking aim at one of a handful of fledgling firms considered frontrunners in the race to develop an answer to OpenAI’s ChatGPT.
Tencent Holdings Limited, the parent company of Tencent Games, is now considered a Chinese military company by the United States government.
Citigroup has described the slide in Tencent's stock price as an enhanced buying opportunity. The tech company remains dominant in China, though its growth has slowed from the pre-pandemic era. Given the ongoing economic malaise in China, continued caution regarding Tencent's stock seems warranted.
Tencent's strong fundamentals and buyback strategy present a buying opportunity despite U.S. blacklisting. Click here to read my analysis of TCEHY stock.
Ubisoft and Tencent are said to be "evaluating which assets to include" in a potential new venture. A new report may contain fresh clues about the apparent partnership between Ubisoft and Tencent, Ubisoft's fortunes continue to slide and the company looks for a way forward.
A new report claims that Ubisoft and Tencent are currently considering a new venture that could result in Ubisoft being broken apart.