The US government has officially blacklisted Tencent, a major player in the gaming industry, citing alleged ties to the Chinese military. This decision could have dire consequences for Tencent and its subsidiaries, including Riot Games and Epic Games. Following the announcement, Tencent's stock price dropped by 7.3%, raising investor concerns about a potential delisting from US exchanges. The blacklisting comes amid increased scrutiny of Tencent's business practices and its executives’ resignations from Epic Games' board. The future remains uncertain as Tencent considers an appeal against the designation.