Eliana Bollati
Eliana Bollati
Eliana is a freelance journalist from Australia with a passion for esports, especially Dota 2. A casual player of the game for the better part of a decade, Eliana started following the professional circuit avidly during TI5. She brings a casual player and hardcore fan perspective into her commentary on the professional scene.

White House Official Says Video Game Companies Exempt From Tencent Order

Donald Trump speaking at CPAC in 2011
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The executive order will be limited to WeChat transactions only a White House official has confirmed.


US President Donald Trump shook the gaming and business world today when he signed an executive order banning transactions between American companies and citizens and the Chinese business conglomerate; Tencent.

Tencent just also happen to have whole or partial holdings in some of the world’s biggest game developers, including Riot Games and Epic Games; they even have a stake in Activision.

However, according to LA tech reporter, Sam Dean, the order will not affect video game companies.

But there are aspects of the wording of one clause in particular, which is causing concern. Section 1 a reads; “any transaction that is related to WeChat by any person, or with respect to any property, subject to the jurisdiction of the United States, with Tencent Holdings Ltd…or any subsidiary of that entity”.
An image of the executive order's section 1a which relates to subsidiaries of Tencent holdings

Which does sound ominous for those developers either wholly or majority owned by Tencent.

Further updates surrounding the executive order are expected to be forthcoming over the next few days. These should hopefully dispel any lingering questions fans and developers might have regarding the wording of some clauses.

TikTok also facing ban

Trump issued another order alongside the WeChat ban which affects the popular video-sharing app TikTok. The order will effectively ban the app unless it’s sold to a US-owned company within 45-days.

The executive orders are shaking up both the gaming and business worlds. Bloomberg report that since their announcement, Tencent stocks have plummeted, losing $46 Billion USD. That’s the biggest drop Tencent have faced since 2011.

For now, all we can do is wait for further clarification about how the orders will impact developers.

We’ll keep providing updates with the latest news and information as this story continues to develop.

 

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