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The US just added Tencent — which backs US startups — to its list of 'Chinese military' companies | TechCrunch
While the Chinese internet giant Tencent is best known for its super app WeChat, it’s also a major investor in U.S. tech companies and startups. Some of
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The listing serves as a warning from the U.S. about companies it claims are involved in Chinese “military-civil fusion” efforts, according to a 2022 DoD press release. The listing has no legal consequences beyond barring U.S. government contractors from doing business with Tencent starting in 2026, according to U.S. law.
If Tencent isn’t able to get itself off the list — like smartphone maker Xiaomi successfully did in 2021 — it could harm its investing activities in the U.S., with founders wary of accepting funds from a company officially designated as linked to the Chinese military, even without public evidence.
There’s also a risk that this measure results in pressure for further sanctions against Tencent from other parts of the U.S. government like the Treasury Department, Reuters reported.
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