Disney is still lifting and getting ready for that fight XD
Yep. WeChat is a tool of the CCP to monitor and oppress its citizens. Tencent actively participates in the horrible despotism and oppression in the PRC, including the oppression of the Uyghurs.They are also
WeChat is why people should be wary of Tencent regardless of their other investments we like.
Yeah, Tencent is pretty influential but I'm kinda skeptical about this being a positive thing overall. They adhere to Chinese censorship policies and because China is such a huge potential market, outside markets work within their censorship limits. As far as regional differences go, that should be within expectations but it does feel worrying that companies are willing to compromise ethical values to the extent of building systems to assist the invasive privacy infrastructure to continue doing business in China.Let me just repost this here:
"Dissidents, activists and protesters have long reported that their WeChat accounts have been monitored by police who have acted on such information. In September, a member of China's Hui Muslim minority group was sentenced to two years in prison for teaching the Koran in WeChat chat rooms. Last year, at least three Chinese citizens were arrested and jailed for making politically sensitive jokes on WeChat."
You preordered the latest Call of Duty.Yep. WeChat is a tool of the CCP to monitor and oppress its citizens. Tencent actively participates in the horrible despotism and oppression in the PRC, including the oppression of the Uyghurs.
Inside China's Massive Surveillance Operation
In Xinjiang, northwest China, the government is cracking down on the minority Muslim Uyghur population, keeping them under constant surveillance and throwing more than a million people into concentration camps. But in Istanbul, 3,000 miles away, a community of women who have escaped a life of...www.wired.com
One of the reasons I refuse to support Epic or the EGS is because I want as little of my money going to fund Tencent and the CCP as possible.
Yep. WeChat is a tool of the CCP to monitor and oppress its citizens. Tencent actively participates in the horrible despotism and oppression in the PRC, including the oppression of the Uyghurs.
Inside China's Massive Surveillance Operation
In Xinjiang, northwest China, the government is cracking down on the minority Muslim Uyghur population, keeping them under constant surveillance and throwing more than a million people into concentration camps. But in Istanbul, 3,000 miles away, a community of women who have escaped a life of...www.wired.com
One of the reasons I refuse to support Epic or the EGS is because I want as little of my money going to fund Tencent and the CCP as possible.
Fortnite is the biggest game ever - and the average person probably dont know who Epic are.
They are probably the most known gaming investor.
Yep. WeChat is a tool of the CCP to monitor and oppress its citizens. Tencent actively participates in the horrible despotism and oppression in the PRC, including the oppression of the Uyghurs.
Inside China's Massive Surveillance Operation
In Xinjiang, northwest China, the government is cracking down on the minority Muslim Uyghur population, keeping them under constant surveillance and throwing more than a million people into concentration camps. But in Istanbul, 3,000 miles away, a community of women who have escaped a life of...www.wired.com
One of the reasons I refuse to support Epic or the EGS is because I want as little of my money going to fund Tencent and the CCP as possible.
Did they?Didn't they invest $100 million in Bungie that helped them separate from Activision?
But has the American government been accused of harvesting organs from persecuted people? Has the American government used Facebook, WhatsApp, Oculus, Microsoft, and or Apple to find these people?I presume you also don't support Facebook, WhatsApp, Oculus, Microsoft, Apple etc. as they were all complicit in helping the American government spy on basically the entire world.. your money would also be helping to fund a horrible despotic racist right wing government who oppress their citizens and imprison children.
They did not, it was a different giant Chinese company called NetEase.
Then why was Tencent targeted discriminately by the licensing freeze?In case it's not clear, companies that large don't operate at the discretion of the Chinese government, they are it.
Worried about Huawei? Take a closer look at Tencent
The social media giant is a growing global force, and it does Beijing's bidding.www.japantimes.co.jp
Didn't they invest $100 million in Bungie that helped them separate from Activision?
Their reach goes far beyond games too. They own ~10% of Spotify for example.
Indeed, surprised this wasn't in the OP.Tencent also has a partnership with Nintendo do distribute the Switch in china I think as well.
Then why was Tencent targeted discriminately by the licensing freeze?
Tencent is twice the size of Disney.
What? None of this makes sense. Working with the government doesn't make you a part of it.They are part of the government they don't control it. It's a poetic license in description.
You know very well how top down and arbitrary such governments can be. Especially one with a dictatorial leader, not to mention that the freeze, unfroze, you don't think they had anything to do with it, given their place in the parliament.
What? None of this makes sense. Working with the government doesn't make you a part of it.
Tencent (and NetEase) both lost a lot of potential income during the licensing freeze while their competitors got approvals.
I did read it. That doesn't make Tencent part of the government.Read the link I provided. Pony Ma is part of the National People's Congress.
It would be hard to really care if it wasn't for how connected they are to the Chinese government. Hearing that they are involved in various companies from epic to Square to Ubisoft to Nintendo brings up unpleasant feelings given what the Chinese government does, especially with what has been in the news recently.
They're also attached to the new Terminator movie.They also co-financed and distributed several recent movies such as Bumblebee and Venom.
Yes, I understand that these are not all equal in how Tencent is involving itself in these companies. It's still not entirely pleasant for myself.I think it's a benefit in the case of Nintendo, since Tencent will help them to gain access to the Chinese market.
Also Warcraft, Kong: Skull Island and Wonder Woman.
Eh, this is just them throwing as much out there. Tencent isn't going to really take over as it's mainly just China and whatever places China can flex on. If the West really wanted to, it could crush Tencent. See, while Tencent has a lot of money and is protected by the CCP, it still generates a lot of income from foreign investments. China isn't the greatest source of wealth, so when there is backlash against Tencent and their dubious dealings with the CCP, you'll see some carnage similar to Huawei. Their long game isn't really a game, it's a sprint to see how long they last or if Tencent can survive without the CCP after the inevitable.
I thought Disney was the biggest. Where can I see this?Tencent has a current marketcap of $400B, only below Microsoft. They are twice the size of Disney.
They are also
WeChat is why people should be wary of Tencent regardless of their other investments we like.
Disney is quite small compared to a lot of these big tech companies. Microsoft, Apple, Alphabet, Amazon are all around 1 trillion, compared to 233 billion for Disney right now.
That might just be the companies where the holdings are notable. Couldn't they purchase shares in any publicly traded company they desired? Are they even required to disclose those holdings? Even a 5% or 10% stake allows the shareholder to push for a seat on the board.There's a lot of discussion of Tencent when it comes to video games on this forum but I feel like most only see a part of the picture.
For a least a decade, Tencent has invested in and partnered with multiple video game companies to varying degrees.
Most know that they have 40% shares of Epic but that's not all they have.
Here are some other companies that Tencent is invested in or partnered with:
- Activision Blizzard - Tencent helped facilitate Activision's split from Vivendi and currently owns 5% shares.
- Square Enix - Last year, Square Enix and Tencent entered into a partnership to make games together, currently nothing is announced.
- Riot Games - Fully owned by Tencent
- Ubisoft - Tencent was one of the companies that helped Ubisoft fight off their hostile takeover by Vivendi and currently owns 5% of shares.
- Supercell - Fully owned by Tencent
- Take-Two - Has been partnered with Tencent for years distributing games (mainly NBA 2K) in China.
- Bluehole Games - Tencent invested heavily in Bluehole after PUBG blew up and currently owns 11% of shares.
Tencent has a current marketcap of $400B, only below Microsoft. They are twice the size of Disney.
They are way bigger and involved in way more things than you might think.
A bit of a tangent... Actually it's "Ledo Millennium", which was supposed to be a subsidiary for "Leyou Technologies" (company listed on the HK stock exchange). I'm not sure if it still is though. "Leyou SNK Corporation" did show up on Leyou's 2017 list of subsidiaries (page 182 of http://leyoutech.com.hk/wp-content/uploads/2019/09/ltn20180420375.pdf) but disappeared in their 2018 list of subsidiaries (page 195 of http://leyoutech.com.hk/wp-content/uploads/2019/09/ltn20190417075.pdf). Leyou also does not list SNK as a subsidiary (http://leyoutech.com.hk/subsidiaries). Athlon Games, a subsidiary of Leyou, did publish SNK's Samurai Shodown in the west.
A bit of a tangent... Actually it's "Ledo Millennium", which was supposed to be a subsidiary for "Leyou Technologies" (company listed on the HK stock exchange). I'm not sure if it still is though. "Leyou SNK Corporation" did show up on Leyou's 2017 list of subsidiaries (page 182 of http://leyoutech.com.hk/wp-content/uploads/2019/09/ltn20180420375.pdf) but disappeared in their 2018 list of subsidiaries (page 195 of http://leyoutech.com.hk/wp-content/uploads/2019/09/ltn20190417075.pdf). Leyou also does not list SNK as a subsidiary (http://leyoutech.com.hk/subsidiaries). Athlon Games, a subsidiary of Leyou, did publish SNK's Samurai Shodown in the west.
Meanwhile the entire acquisition of SNK was done through an investment by 37Games (another Chinese company) and an investment fund (Orient Securities).
Also note that Leyou was originally a vehicle for Perfect World to buy Digital Extremes, which failed for some reason (https://venturebeat.com/2017/09/02/...rom-chicken-meat-to-triple-a-game-publishing/). Probably they were planning a similar move with Leyou buying SNK.
It just didn't come up in my research, so I'm glad someone brought it up.