Yeah. 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.
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.
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.
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Yeah. 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.
dear God, please let League of Legends get banned, it would be so funny
Tencent I’m aware of, there was quite a bit of controversy about them a few years back
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.
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.
I recall that tencent had like a small stake in Reddit too. Like 10% or something like that. Or am I remembering wrong?
They invested money, I don’t remember hearing that it got them any share of the company.
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.
As of their last filing in September it is 10 to 12%