https://wccftech.com/tencent-salvo-by-the-trump-administration-may-severely-impact-tesla-epic-games-snap-and-a-host-of-other-tech-companies/

Tencent (HKG:0700), the vast Chinese conglomerate with holdings ranging from the tech sector to the entertainment industry, has now come under a volley as the U.S. and China play an intricate game of one-upmanship that increasingly resembles a Thucydides trap.

As a refresher, just hours ago, the U.S. President Donald Trump signed an executive order that would bar all citizens and U.S.-based entities from transacting or associating with TikTok and Tencent-owned WeChat after the expiration of a 45-day grace period. The order has offered clarity in the case of TikTok by allowing an exemption from this blanket prohibition if it is acquired by a U.S. entity – most likely meant to facilitate the ongoing takeover talks between Microsoft and TikTok. However, the order is much more equivocal when it comes to WeChat and, by extension, Tencent.