The order declares that beginning in 45 days, any transaction with Tencent Holdings or any of its subsidiaries will be prohibited. That's generated speculation that Trump's next target could be video games owned by Tencent Holdings. According to the Los Angeles Times, Tencent Holdings also owns five percent of video game giants Activision Blizzard and Ubisoft. Tencent Holdings has a market capitalization of about US$650 billion and it's listed on the Hong Kong Stock Exchange. In March, Tencent Holdings announced that it had purchased a 10 percent stake in Universal Music Group from Vivendi.

Source: Los Angeles Times August 09, 2020 14:26 UTC