this post was submitted on 19 Jan 2025
146 points (95.1% liked)
Games
33251 readers
1514 users here now
Welcome to the largest gaming community on Lemmy! Discussion for all kinds of games. Video games, tabletop games, card games etc.
Weekly Threads:
Rules:
-
Submissions have to be related to games
-
No bigotry or harassment, be civil
-
No excessive self-promotion
-
Stay on-topic; no memes, funny videos, giveaways, reposts, or low-effort posts
-
Mark Spoilers and NSFW
-
No linking to piracy
More information about the community rules can be found here.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
huh, had no idea it was made by bytedance as well
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.
I recall that tencent had like a small stake in Reddit too. Like 10% or something like that. Or am I remembering wrong?
As of their last filing in September it is 10 to 12%
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.
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.
It's not made by Bytedance. It's made by one company and published by a second, different company who is owned by Bytedance.