The US has designated Tencent as a Chinese military company and blacklisted the tech giant

particle for direct object US Department of Defense (DOD) Chinese tech giant Tencent Holdings Ltd. has added to the “blacklist” of companies that allegedly help the Chinese military.

The Department of Defense on Monday released its annually updated list of companies operating in the United States, known as “Chinese military enterprises,” that are subject to Section 1260H of the Mac Thornberry National Defense Authorization Act (NDAA) in fiscal year 2021. It is mandatory. Tencent was the new addition to the list.

The Department of Defense publishes an annual list of companies doing business in the United States that the department claims are helping China's military. (WANG ZHAO/AFP via Getty Images/Getty Images)

This list is a warning to American companies not to work with these companies Chinese companiesAnd now there are 134 companies in this list. Although this designation does not mean an immediate ban on companies, it can be a blow to their reputation.

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Shares of Tencent, the Chinese parent company, are listed on the Hong Kong Stock Exchange Instant messaging app WeChat fell 7.3 percent on Tuesday, shedding about 275 billion Hong Kong dollars ($35.4 billion) in market value.

Tencent is a Chinese technology and entertainment holding company.

Tencent called this action by the US Department of Defense, which was taken two weeks earlier President-elect Trump It comes to power, a “mistake”.

China is leading the largest military establishment since Nazi Germany in the 1930s, the expert warns, citing a Pentagon report.

The company said on Tuesday that its business would be unaffected and that it would begin a review process to correct its inclusion and, if necessary, take legal action.

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Reuters and Fox News' Liz Frieden contributed to this report.