Earlier this week the US Department of Defense added a new batch of companies to its Chinese military companies blacklist. While inclusion on the list comes with no sanctions, it does have a reputational impact, and is designed to put off US investors. Tencent called the designation a "misunderstanding", and has since provided a full statement, noting its plans to "initiate a Reconsideration Process to correct this mistake".
Companies on the list are suspected of being controlled by the People's Liberation Army or providing it with support, but Tencent continues to refute this. "As the Company is neither a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base, it believes that its inclusion in the CMC List is a mistake," the statement provided to PC Gamer, and posted on Tencent's website, reads.
