Tencent, one of the world's largest videogame publishers, is also a Chinese military company, the US Department of Defense claims. Which has come as something of a surprise to the conglomerate, which has called the designation a "misunderstanding".
The DoD's list of Chinese military companies is updated annually, and Tencent is among the new batch of additions for 2025. While this designation does not come with any sanctions, it demonstrably serves as a warning to US companies not to invest, and as a result Tencent's stock has taken a 7% hit in Hong Kong, as noted by Bloomberg's report.
