this post was submitted on 24 Dec 2023
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lol XD, let me tell you, if someone is financing something like that, they sure as heck expect something in exchange someday.
So, you believe a government powerful enough to make unaffiliated companies bow to their liking won't leverage their investment?
Why do you think they invested? Just for fun?
You invest to gain influence, not to have less influence.
Tencent also own WeChat.
https://citizenlab.ca/2020/05/wechat-surveillance-explained/
Since this is a gaming community, it would be more relevant to say that Tencent likely has a stake in something that you already play or use, like Discord.
Like Epic which is the topic of this thread.
Most investments aren't to gain influence but to profit. At this time, there is no sign of Epic doing anything that could be explained by the alleged influence of the Chinese government, and as the majority owner, Tim Sweeney has the final say anyway.
I never said it was not for profit. I said you invest to gain influence, which is true by fact, not an opinion. If I buy a significant number of shares in a company, I do so because I want more than money; I want influence on decision-making. I do not think the Chinese government is only interested in monetary gains; do you think that's their only goal?
And again, do you believe a country/government able to indoctrinate any business that wants a share of their market, like the Steam example, is only invested for monetary gains and nothing else?
Tim Sweeney can do and decide many things, but opposing the Chinese government is certainly not one. And I don't know how you imagine influence, but having 40% of a company is something I call influence, wouldn't you? Even if they can't tell him how to run the business, he sure as hell will do nothing that could worsen the relationship between him and his biggest investor, aka Tencent. And who is behind Tencent? The Chinese government.
It's all in the realm of "what if". Sure, it could attempt this or that, but it hasn't, nor is there any guarantee that it would fly. That just brings me back to the original point of when a company that is not partially owned by the Chinese actively works to please the Chinese government to further their business interest but I don't see much of that with Epic. If you look at some of the other companies in which Tencent has a large stake, like Dontnod, there's absolutely no sign of the Chinese agenda in the games either.
Yes, and you are entitled to your own opinion, but that does not change the facts. No, the influence is not "what if it is there" โ it is there, plain and simple. That's not up for discussion. It's public knowledge that Tencent owns 40%, and Tencent is a government-controlled entity. It does not matter if they "abuse/use" it actively or not. It sounds like, in your mind, influence is only relevant when you use it actively, which is not true.
They're also just plain unethical. There's never been a government as insidious as the CCP in exploiting vulnerable foreign nations like South Africa or South East Asia thru incentives that are basically just a debt trap.