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Tencent: The Invisible Investor With More Reach Than You Might Think
- Thread starter Schlorgan
- Start date
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...
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.
In case it's not clear, companies that large don't operate at the discretion of the Chinese government, they are it.
www.japantimes.co.jp
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
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.
Tencent has built their own short lived version of how video games affect your social credit score so it's worrying that they have so much influence. It may be confined to China now but it's still something to keep an eye on.
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...
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.
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.
The fact that you have to compare them to epic proves my point. At their size they should be at the awareness level of MS, Apple, Nintendo, Sony hell even Sega, they aren't.
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...
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.
Must every thread in the "Gaming Forum" section spiral down into another "Fuck Epic" topic and political pissing match which result in mod locks?
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?
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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.
Yeah, I'm sure alot of us already know. CCP trying to get all up in our asses with fingers in so many pies.
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.
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Chinese soft power is incredibly weak.
It's also why tencent is the most curious company they have, because of its direct foreign investment, espcially in foreign created soft power.
Probably the point of your OP in fairness lol.
It is currently the largest company on Hong Kong's stock exchange.
I think Tencent's market'value is generally overstated.
I think Tencent's market'value is generally overstated.
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.
Read the link I provided. Pony Ma is part of the National People's Congress.
I did read it. That doesn't make Tencent part of the government.
You forgot to mention Path of Exile. Recently Tencent has been investing in them.
"Our Chinese publisher, Tencent, has acquired a majority stake in Grinding Gear Games. "
edit: oops! Someone beat me to it.
"Our Chinese publisher, Tencent, has acquired a majority stake in Grinding Gear Games. "
edit: oops! Someone beat me to it.
Yeah, that's kinda my point. "Disney owns everything" never really made much sense to me when Tencent exists. That said, wasn't aware of their stake in Spotify at all.
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.
I think it's a benefit in the case of Nintendo, since Tencent will help them to gain access to the Chinese market.
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.
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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.
Been telling people about Tencent for years they are just waiting for the somebody to slip up then they they'll strike like a cobra
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.
You can google the market cap for any public company or multiply the number of shares by the share price to get the most precise market cap at the time since it fluctuates a bit.
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.
The Epic situation is especially worth paying attention to because they're close to becoming the majority shareholder, which gives them significant influence in the management of the company. But the company currently isn't publicly traded.
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.
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It just didn't come up in my research, so I'm glad someone brought it up.