Tencent's stakes in various American video companies could be at risk, as US President Donald Trump's administration is debating whether the Chinese company's investment poses a security risk.According to The Financial Times and Reuters, "several people familiar with the internal deliberations" are assessing Tencent's investments ahead of Trump's upcoming meeting with Chinese President Xi Jinping next month. The FT's sources added that Tencent has been negotiating with the US administration's Committee on Foreign Investment for years now, but the acquisition of Clash of Clans studio Supercell--which has a huge US userbase--reignited fears surrounding the company.Tencent is well-known for having invested in many video game companies across the world, including a 28% stake in Fortnite-maker Epic Games. It also owns Riot Games (League of Legends and Valorant) and has stakes in other notable video game companies like From Software, Krafton, Larian Studios, and Ubisoft.This scrutiny from the US government started with former US president Joe Biden's administration, as concerns were raised regarding the collection of private information from millions of US citizens and Tencent's ties to the Chinese military. "These platforms could serve as a significant intelligence collection source," former Biden official Chris McGuire said to the FT. In early 2025, Tencent was one of several companies that were blacklisted by the US Defense Department after it was accused of being Chinese military-affiliated.Tencent has been in the news frequently as of late, and the news hasn't been too positive. The megacorp was reportedly the "lead financial backer" of the doomed live-service game Highguard, and recently, Sony settled a lawsuit against Tencent over Light of Motiram, a game that it described as a "slavish clone" of the Horizon franchise.