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Tencent Makes Biggest Buyback
Tencent Makes Biggest Buyback After Addition to Pentagon List
China’s largest public company by market capitalization spent the equivalent of about $193 million to buy back 3.93 million shares on Tuesday.
Tencent Makes Biggest Buyback Since 2006 After US Blacklist
Tencent Holdings Ltd. repurchased the most shares in nearly two decades after a selloff sparked by the tech firm’s addition to a US blacklist for alleged links to the Chinese military.
Military blacklisting prompts Tencent’s biggest buyback in almost 20 years – and pushes Naspers share price down 11%
The US military blacklist does not carry direct sanctions or penalties but discourages US businesses from engaging with these entities. The idea is to identify and discourage US business with companies with alleged connections to the Chinese military.
5d
on MSN
Tencent shares fall 8% in Hong Kong after U.S. designates it a Chinese military company
Other Chinese companies added to the list included battery maker CATL, which is part of the supply chain for automakers like ...
5d
on MSN
U.S. Defense Department says Tencent and other Chinese companies have ties to China's military
The U.S. Defense Department has added dozens of Chinese companies, including games and technology company Tencent, artificial ...
5d
Chinese tech companies Tencent, CATL and others protest US listings as army-linked companies
The U.S. Defense Department has added major Chinese technology companies including gaming and technology company Tencent, ...
5d
on MSN
Tencent Stock Sinks After Pentagon Labels It 'Chinese Military' Company
Shares of Tencent Holdings sank 7% in Hong Kong trading Tuesday after the WeChat parent was added by the U.S. Department of ...
2d
China Market Update: Mainland Investors Buy $6 Billion In Hong Kong On Weakness, Week In Review
Asian equities were mixed but mostly lower overnight as Pakistan and Thailand outperformed and Mainland China and Singapore ...
5d
Tencent, Xiaomi drag Hong Kong stocks to 6-week low on US-China geopolitical concerns
The Department of Defense added dozens of firms as ‘Chinese military entities’ in register on January 7, stoking steep stock ...
NBC Los Angeles
5d
Shares of Tencent fall 5% in Hong Kong after U.S. designates it as a Chinese military company
Other Chinese companies added to the list included battery maker CATL, which is part of the supply chain for automakers like ...
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