Tech Security Factbox: WeChat owner Tencent financial investments in the United States and beyond – Reuters

HONG KONG (Reuters) – U.S. President Donald Trump has released an executive order banning U.S. deals involving Chinese social media and video game leader Tencent Holdings Ltd (0700 HK), owner of messaging app WeChat, on national security premises.

U.S. Commerce Secretary Wilbur Ross is set to determine transactions covered by the order, which begins in 45 days.

Below is a list of a few of Tencent’s most significant U.S. and worldwide investments:

UNITED STATES

* Tesla Inc ( TSLA.O): Tencent bought 5%of the electrical lorry maker for $1.78 billion in2017 Tesla Chief Executive Elon Musk has actually called Tencent “a financier and adviser to Tesla”.

* Riot Games: Tencent bought a bulk stake in the Los Angeles-based “League of Legends” video game designer in 2011 and made it fully owned in2015

* Activision Blizzard Inc ( ATVI.O): Tencent has a minority stake in the owner of the “Call of Duty” franchise. Tencent last year released “Call of Duty Mobile” and has seen 45 million downloads in the United States, Tower Sensor data revealed.

* Epic Games: Tencent obtained a minority stake in2012

* Snap Inc ( SNAP.N): Tencent purchased 12%of the messaging app operator in2017

* Reddit Inc: The social networks platform raised $300 million in 2019 in a funding round led by Tencent leading to a market appraisal of $3 billion.

INTERNATIONAL

* Spotify Innovation SA ( SPOT.N): The Swedish music streaming firm and Tencent Music Home Entertainment Group ( TME.N) bought minority stakes in each other ahead of the previous’s 2018 stock market listing in New York.

* Universal Music Group: French media corporation Vivendi SA ( VIV.PA) in 2019 said it had settled the sale of 10%of the world’s biggest music label to a Tencent-led consortium, which likewise had the choice to buy up to 10%more by January 2021 on the exact same price basis. The deal offered Tencent more access to U.S. artists such as Taylor Swift and Kanye West.

* U.S. listed companies: Tencent owns stakes in Bilibili Inc ( BILI.O), Sogou Inc ( SOGO.N), Huya Inc ( HUYA.N), Douyu International Holdings Ltd ( DOYU.O), JD.com Inc ( JD.O), Pinduoduo Inc ( PDD.O), Vipshop Holdings Ltd ( VIPS.N), Nio Inc ( NIO.N) and Futu Holdings Ltd ( FUTU.O).