Tencent added to ‘Chinese military company’ blacklist in U.S.

News Snapshot:

Tencent may be the biggest video game corporation in the world, but as of a Jan. 7, it’s also one of several Chinese firms to be labeled a “military company” by the United States Department of Defense. In a statement to investors, Tencent chairman Ma Huateng called the decision a “mistake,” but also doesn’t expect it to affect the business. Tencent currently operates TiMi Studio Group (Pokémon Unite) and LightSpeed Studios (PUBG Mobile) internally. It also owns third-party studios Riot Games (League of Legends) and Grinding Gear Games (Path of Exile) outright; is the majority investor in Techland (Dying Light)...