Get the latest tech news
US labels Tencent as a Chinese military company
The US Department of Defense has labelled Chinese megacorp Tencent - a huge player in the global video games industry -…
The listing of Tencent as a Chinese military company does not immediately impact its ability to do business in the US, but raises the risk of complications in the future. In 2020, President Trump issued an executive order which stated that US businesses could not invest in Chinese companies linked to the US military. Fortnite and Unreal Engine maker Epic Games is 35 percent owned by Tencent, while the company also holds notable stakes in FromSoftware, Remedy, Krafton, Paradox, Frontier, Kadokawa, Marvelous, Bloober Team and Netmarble.
Or read this on Eurogamer
