Major gaming and social media conglomerate Tencent saw a significant drop in trading on Monday after the United States Department of Defense (DoD) classified Tencent as a Chinese military entity.

The filing does not impose direct sanctions but may discourage U.S. corporations from engaging in business with the Chinese based company. Tencent retains full or partial ownership of some of the following video game studios—Riot Games, Grinding Gear Games, Turtle Rock Studios, Epic Games, FromSoft, Remedy Entertainment, Ubisoft, and more.