Chinese web giant Tencent was added to a U.S. list of military-linked firms, spooking investors and triggering as much as a 7% plunge in its Hong Kong-listed shares.

This could be the start of a saga to rival TikTok’s troubles, and embroil Tesla and Microsoft The US Department of Defense has added Chinese messaging and gaming Tencent to its list of “Chinese military company”,

The Pentagon has designated two major high-profile tech companies — Tencent and CATL — as Chinese military companies operating in the US.

The fate of 170 million TikTok users is now in the hands of President-elect Donald Trump.On Friday, the U.S. Supreme Court upheld the law that requires TikTok to be sold to a U.S. company or be banned by Sunday,