Tencent Holdings Limited, the parent company of Tencent Games, is now considered a Chinese military company by the United States government.

Tencent, the juggernaut Chinese tech and gaming conglomerate, has been placed on a blacklist by the US Department of Defense. Being on said blacklist doesn't impose sanctions or stop companies trading in the US, but it's designed to deter other companies from doing business with the blacklisted entities.

Tencent faces a major crisis as the US blacklists it over alleged Chinese military links, causing a stock plunge. This also affects Riot Games.