US Government Blacklist Tencent

The US government has officially blacklist Tencent because of alleged connection to the China Military. Do you think anything will happen because of this?

Timestamp:
0:00 Article
0:18 About Tencent Companies
0:35 Tencent Blacklist By US Defense Department
0:58 Tencent Response
1:21 Tencent Stock Price After Announcement
1:34 Tiktok All Over Again
2:05 Is This All For Show?

Source
US Blacklists Tencent Over Alleged Ties With Chinese Military