Loading...
Market
How will US business dealings with Tencent and CATL change by end of 2025?
2
CATL•Autel Robotics•Changxin Memory Technologies•Quectel Wireless•Chinese•Beijing•Tencent•American•the Pentagon
Resolution / Starting Odds
Significant decrease • 25%
Moderate decrease • 25%
No change • 25%
Increase • 25%
Reports from major US firms or industry analysis
Story
US Adds Tencent, CATL to List of 134 Chinese Military Companies, No Sanctions but Reputational Risks
Jan 6, 2025, 07:50 PM
The U.S. Department of Defense has added Tencent Holdings Ltd., CATL, Autel Robotics, Changxin Memory Technologies, and Quectel Wireless to its list of Chinese military companies operating in the U.S. This designation, part of the annual update to the 'Section 1260H' list, now includes 134 companies. The move is intended to counter Beijing's military-civil fusion strategy, though it does not impose immediate sanctions or direct legal ramifications. Tencent, a major player in social media and gaming, and CATL, the world's largest battery maker with a global EV battery market share of about 38%, have both contested their inclusion, asserting that they are not military companies or suppliers. Tencent's US-listed shares fell as much as 9.8% following the news. The listing may impact their business dealings in the U.S. by discouraging American firms from trading with them due to reputational risks. Additionally, starting in June 2026, the Pentagon will not be able to contract with companies on this list.
View original story
Similar markets
No significant impact • 25%
Increased trade tensions • 25%
Improvement in relations • 25%
Deterioration in relations • 25%
Continue business as usual • 25%
Suspend partnerships • 25%
Reduce collaboration • 25%
Terminate partnerships • 25%
Both remain listed without sanctions • 25%
Only CATL is sanctioned • 25%
Only Tencent is sanctioned • 25%
Both are sanctioned • 25%
No change in stance • 25%
Decreased restrictions • 25%
Increased restrictions • 25%
Other • 25%
Tencent • 25%
Neither, both fall significantly • 25%
Both have equal market capitalization • 25%
CATL • 25%
Other developments • 25%
Tensions de-escalate • 25%
Tensions escalate • 25%
No significant change • 25%
Tencent • 25%
Other • 25%
Alibaba • 25%
Huawei • 25%
Diplomatic protest • 25%
Trade restrictions on U.S. firms • 25%
No official action • 25%
Other significant action • 25%
Deteriorated relations • 25%
Improved relations • 25%
Trade agreement reached • 25%
No significant change • 25%