Tencent Holdings Limited was founded in 1998 by a conglomerate of other Chinese company's whose subsidiaries specialize in "Internet-related technology". 

Tencent is now the world's largest video game company and one of the most valuable technology company's in the world. They have their hands in everything from social media, to web site portals, to internet services. It also owns a majority of China's music service (Tencent Music Entertainment).

Why am I bringing this up? Because they now own stakes in US video game company's. How deep does this go? 

Here is an entire list of everything Tencent owns or has shares of in the US. 

• Riot - 100%
• Epic - 40%
• Bluehole (PubG) - 11.5%
• Ubisoft - 5%
• Activision\Blizzard - 5%
• Grinding Gear Games (Path of Exile) - 80%

And there is more. 

• Supercell - 84%; Finnish mobile developer
• Frontier Developments - 9%; UK developers. Elite Dangerous, Planet Zoo.
• Kakao - 13.5%; South Korean internet and entertainment company who created Black Desert Online.
• Paradox Interactive - 5%; Swedish developer; Age of Wonders, Battletech, Hearts of Iron
• Fatshark - 36%; Swedish developer. Warhammer series
• Funcom - 29%; Norwegian developer. The Secret World, Conan. 
• Sharkmob - 100%; New studio from Sweden. Made up of former Division and Hitman developers. 
• Discord - N\A; Discord has received over $150 million in funding from Tencent. 

Tencent also owns a 20% stake in Sea, a South-East Asia esports and publishing company. I also like to point out that Diablo Immortal is being created by "Netease", who is owned by Tencent. 

Tencent also has another fan, the Chinese Government. There have been rumors going around that Tencent is directly linked to the Chinese Government. While not state-owned, like many company's in China, it does provide the Government with information. 

With that said. The Blizzard suspending a player for his pro-Hong Kong attitude on stream will only be the tip of the iceberg. These corporations have a job to do and job number 1 is to protect investments. As long as pro-Chinese government business are investing in US based businesses.

It's going to get worse.