Jinwu Financial News | Tencent (00700) opened 1.14% lower in early trading, then quickly recovered its decline. Recently, it changed from a decline of 0.43% to HK$370.8, with a turnover of HK$4.738 billion.
On January 8, the Office of the Trade Representative under the US President's Office announced the “2024 List of Counterfeiting and Notorious Privacy Markets”. Many Chinese Internet products are still on the list. Tencent WeChat, which was previously on the list, has now been removed from the list.
According to reports, unlike the CMC list issued by the Office of the Deputy Secretary of Defense, which is only for procurement transactions between restricted listed companies and the Department of Defense and their suppliers, the “Notorious Markets List” that removed WeChat this time was issued by the US President's Office and is more comprehensive in trade targeting.
