President Donald Trump signed an executive order yesterday that will prohibit Americans from making transactions with Chinese company Tencent. This led many gamers to worry about the fate of games developed by studios Tencent owns such as Riot Games, makers of League of Legends and Valorant, and Epic Games, the makers of Fortnite. However, new information suggests this order will not include Tencent’s gaming portfolio.
The controversial order, which is due to come into effect on September 20th, aims to ban transactions with Tencent due to fears over national security for the US. The order against Tencent is specifically to curb the use of WeChat, the communication and payment platform that is massive in China, with another order targeting Chinese owned video social network app Tik Tok.
When the order was announced the wording suggested that all of Tencent’s properties would be included in the ban, meaning many of the biggest games in the world could be impacted. However, a report from LA Times reporter Sam Dean reveals that the order is only to prevent WeChat transactions, and all of Tencent’s gaming portfolio is not included in the order.
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This means that all of your favorite games are currently safe from any of the President’s orders to ban Tencent from US transactions, and will continue to operate as normal for the foreseeable future.
However, if the ban had included Tencent’s gaming properties the entire fortnite v bucks generator games industry could have been in trouble. While it is well known that the company owns Riot Games and a significant stake in Epic Games, Tencent also has ownership in other developers and publishers including Activision-Blizzard, Supercell and Glu Mobile as well as many others.
The amount of gaming companies that Tencent has a stake in is quite surprising, and shows just how much influence the company has in the gaming world. If the company were to be totally banned from doing business in the US it is likely that a number of the biggest games in the world would be impacted as a result, which could be disastrous for the gaming world.