The United States has added technology giant China-based Tencent to a list of companies designated as partners with the Chinese military, according to Bloomberg.

Earlier this week the US Department of Defense added a new batch of companies to its Chinese military companies blacklist. While inclusion on the list comes with no sanctions, it does have a reputational impact,

While the Chinese internet giant Tencent is best known for its super app WeChat, it’s also a major investor in U.S. tech companies and startups. Some of

The U.S. Defense Department has added dozens of Chinese companies, including games and technology company Tencent, artificial intelligence firm SenseTime and the world's biggest battery maker CATL, to a list of companies it says have ties to China's military.

But several US-based videogame companies, including Microsoft, would be considered US military companies if the same metric was applied to them.

Chinese web giant Tencent was added to a U.S. list of military-linked firms, spooking investors and triggering as much as a 7% plunge in its Hong Kong-listed shares.

The US has added several Chinese technology companies, including gaming and social media giant Tencent and battery maker CATL, to a list of businesses it says work with China's military. The list serves as a warning to American companies and organisations about the risks of doing business with Chinese entities.

Shares of Tencent Holdings sank 7% in Hong Kong trading Tuesday after the WeChat parent was added by the U.S. Department of Defense to its list of "Chinese military companies."

Tencent Holdings Limited, the parent company of Tencent Games, is now considered a Chinese military company by the United States government.

Tencent Holdings and Contemporary Amperex Technology Co. Ltd. (CATL) have faced significant stock declines following their recent designation as “Chinese military companies” by the U.S. Department of Defense (DoD).