Tencent's ties to the Chinese military are raising significant concerns; the US Defense Department has blacklisted the company, threatening its ability to operate on global stock exchanges.
Following the blacklisting by the US, Tencent's stocks plummeted by 7.3%, showing immediate financial repercussions. If delisted, the company could face major losses affecting its subsidiaries.
The scrutiny faced by Tencent intensified after it was required to remove board members from Epic Games, indicating the US government's serious stance on corporate governance in relation to national security.
Tencent has stakes in multiple high-profile gaming companies, including Riot Games and From Software, but its future investments are in jeopardy as it navigates the fallout from these allegations.
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