The United States has added Chinese tech giants Tencent and CATL to a list of companies with alleged ties to China’s military, a move that could trigger sanctions and make it harder for US investors to own their shares. The US Department of Defense said it was designating Tencent and CATL, a major electric vehicle battery maker, as “Chinese military companies” operating directly or indirectly in the United States. The designation requires US investors to divest their holdings of the companies’ securities by a set deadline. Tencent is one of the world’s biggest video game publishers and owns the popular WeChat messaging app. CATL is a major supplier of batteries to electric vehicle makers including Tesla. The move is likely to further escalate tensions between the world’s two largest economies.
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