I recall that tencent had like a small stake in Reddit too. Like 10% or something like that. Or am I remembering wrong?
Comment on Marvel Snap is banned, just like TikTok
halcyoncmdr@lemmy.world 4 weeks agoYeah. You might want to look into some other foreign owned companies as well. Tencent owns a metric shit ton of “American” companies for instance, I bet there’s several on that list that would surprise you.
CosmicTurtle0@lemmy.dbzer0.com 4 weeks ago
shawn1122@lemm.ee 4 weeks ago
As of their last filing in September it is 10 to 12%
catloaf@lemm.ee 4 weeks ago
They invested money, I don’t remember hearing that it got them any share of the company.
ieatpillowtags@lemm.ee 4 weeks ago
That’s typically what you get in return for an investment. The only question is if it’s enough of a share to give control or at least influence.
franklin@lemmy.world 4 weeks ago
dear God, please let League of Legends get banned, it would be so funny
morrowind@lemmy.ml 4 weeks ago
Tencent I’m aware of, there was quite a bit of controversy about them a few years back
halcyoncmdr@lemmy.world 4 weeks ago
Tencent happen to own large portions of nearly every video game company on the planet to start with, and a ton of other large companies, 600+ of them in fact. Large enough positions to directly affect board decisions if they wanted to. And that assumes overt sudden changes and not more subtle things.
Voroxpete@sh.itjust.works 4 weeks ago
IIRC the reason for this is that China requires that games published there be published by entities that are at least some arbitrary percentage Chinese owned. So basically if you want access to that huge market - that loves video games - you have to cut a deal with Tencent or someone else like them.