Tencent Added to Pentagon Blacklist, Company Reacts

The company is bigger than even Microsoft when it comes to gaming (Tencent) Tencent hopes to negotiate with the US government to have it removed from a blacklist of firms believed to have ties with the Chinese military. In late 2020, then US president Donald Trump signed an executive order to prevent US companies from investing in any firms with ties to the Chinese military.

While not technically a form of sanction, this list of Chinese entities is part of the US’s efforts to counter Beijing’s allegedly abusive business practices and limit their influence in the United States. What does any of this have to do with video games? Well, with Trump set to take office again in a few weeks, the biggest games company in the world, Tencent, has found itself added to the Pentagon’s blacklist. That isn’t hyperbole, by the way. Tencent is a massive media conglomerate and owns many developers and publishers, including Riot Games and its League Of Legends franchise. It also has investments in many other games companies across the world, including the likes of Epic Games and Ubisoft. There’s even been chatter of Tencent buying out the latter, after their recent troubles. Ubisoft’s declining value has sparked discussions of a Tencent buyout (Ubisoft) Tencent also owns WeChat, China’s most popular social media app, which Trump vowed to ban in the US during his first presidency. However, this never went anywhere since his successor, Joe Biden, rescinded the order in 2021. Naturally, Tencent has denied having any such involvement with the Chinese military. ‘We are not a military company or supplier,’ reads a statement provided to Bloomberg. ‘Unlike sanctions or export controls, this listing has no impact on our business. We will nonetheless work with the Department of Defense to address any misunderstanding.’ That said, Bloomberg reports that Tencent’s stock did drop by 7% following the new

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