Tencent Challenges Pentagon's Military Company Label, Threatens Legal Action
Chinese tech giant Tencent strongly contests its designation as a 'Chinese military company' by the US Department of Defense, causing a 7% stock drop. The gaming conglomerate, which owns major stakes in US gaming studios, may pursue legal action if appeals fail.
US Defense Department Blacklists Tencent as Military Company, Shares Tumble
Tencent Holdings faces severe market impact after being designated as a Chinese military company by the US Department of Defense. The tech giant's shares dropped over 7% following the announcement, which could lead to US exchange delisting and removal from global indexes.
Apple Seeks Chinese Tech Giants for iPhone AI Integration in Mainland Market
Apple is in early discussions with Tencent and ByteDance to bring AI features to iPhones in mainland China, navigating strict regulatory requirements. The potential partnerships could help Apple maintain its position while providing compliant AI services through established local providers.
Tencent Launches Palm-Scanning Payment System in China, Raising Privacy Concerns
Chinese tech giant Tencent introduces Weixin Palm Payment, allowing users to make transactions with just a hand wave using palm-print and vein pattern scanning. While offering convenience, the biometric payment system has sparked debates about surveillance and cybersecurity risks.