Gaming Colossus Tencent Added to US Blacklist, Accused of Ties to Chinese Military
Tencent, the juggernaut Chinese tech and gaming conglomerate, has been placed on a blacklist by the US Department of Defense. Being on said blacklist doesn't impose sanctions or stop companies trading in the US, but it's designed to deter other companies from doing business with the blacklisted entities.
Tencent Branded a Chinese Military Company by US Government
Tencent Holdings Limited, the parent company of Tencent Games, is now considered a Chinese military company by the United States government.
Pentagon Blacklists China's "Tencent" Video Game Giant
Video game publisher Tencent was one of several Chinese companies that the United States Department of Defense (DoD) claimed had links to China. On Tuesday, the Pentagon announced it had added dozens of Chinese-based firms – including Tencent,
The US just added the world's biggest games publisher Tencent to their list of Chinese military companies
Chinese publisher Tencent are the biggest video game company in the world. Their wholly owned subsidiaries including
Tencent in Hot Water: US Blacklists Gaming Giant Over Chinese Military Ties
Tencent faces a major crisis as the US blacklists it over alleged Chinese military links, causing a stock plunge. This also affects Riot Games.
World’s biggest games company added to Pentagon blacklist over military ties
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.
Why did the US designate Tencent as a Chinese Military Company?
As expected, Tencent has denied the U.S. DoD’s claims that it is a Chinese military company. Tencent has already formally told Bloomberg that its inclusion on the list is “Clearly a mistake.” Ever the confident company, Tencent even claims the DoD’s designation “has no impact on our business,” as Tencent’s public affairs lead told The Verge.
US Government Designates Riot Games Owner as Chinese Military Company
In a move that will make it harder to do business in the US, Tencent has been designated a Chinese military company by the US Department of Defense. The company is a big player in the gaming world as owner of Riot Games but is also an investor in a raft of other ventures including Epic Games and Ubisoft.
US Blacklists Tencent Over Alleged Ties With Chinese Military
In the world of video games, Tencent is one of the major players in part because it owns Riot Games--the company behind League of Legends --as well as stakes in other companies, including Epic Games. However, the company is now facing serious problems over its alleged ties with the Chinese military.
US designates Tencent a Chinese military company, adding tech giant to blacklist
The Defense Department added video game maker Tencent Holdings to its "blacklist" of companies doing business in the U.S. while allegedly aiding the Chinese military.
US Blacklist of China’s Tech Giants Risks Even Faster Decoupling
The US’s latest move to expand its list of Chinese military companies risks doing more than tanking the shares of some of its most valuable companies: It also threatens to accelerate decoupling of the world’s biggest economies.
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