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US adds Tencent to its Chinese Military entity list, but what does that mean?
That doesn't mean what you might think it does.
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. (Image credit: Source: Zhu Min / Zuma Press)In the meantime, being on the list doesn't block anyone from using Tencent's services or gaming titles. It does, however, deal quite a blow to a company's reputation in the West, and Tencent's stock prices fell over seven percentage points with the news.
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