The US Department of Defense creates an annual list of Chinese companies that pose a threat to US security under section 1260H. In an updated list posted on 7th January 2025, Chinese gaming giant Tencent was added to the list, alleging it was a potential threat to the US. CATL, one of the biggest battery manufacturers, was also added to the list. According to the US, both these companies were allegedly aiding the Chinese military. The list doesn’t mean an outright ban, but it has caused massive damage to the holding company.
