Tencent Will Take Legal Action to Resolve "Misunderstanding" if Necessary
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Chinese publisher Tencent has issued a statement after being named on a list of Chinese military companies maintained by the US Department of Defense, the so-called CMC List. Tencent speaks of a misunderstanding, wants to seek dialogue, but will also go to court if necessary.
This is stated in a “voluntary statement” sent by Chairman Ma Huateng on behalf of the Tencent Holding board. It was indeed a surprise that Tencent appeared on the blacklist of Chinese military companies (CMC List) operating in the United States. "As the Company is neither a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base, it believes that its inclusion in the CMC List is a mistake", Tencent writes in its statement. Other business is not affected.
"The Company intends to initiate a Reconsideration Process to correct this mistake. During the process, it will engage in discussions with the U.S. Department of Defense to resolve any misunderstanding, and if necessary, will undertake legal proceedings to remove the Company from the CMC List. The Company will make further announcement(s) as and when appropriate", the statement continues.
In recent years, there have been repeated sanctions and other measures against Chinese companies in the US, including in the technology and entertainment sectors. Huawei has been effectively blocked from the US market. TikTok's parent company ByteDance has been given until January 19, 2025 to initiate the sale of its US business. Legally, however, the final word has not yet been spoken.
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