Tencent: Tech Giant Behind Videogame Favorites Faces Beijing’s Scrutiny | WSJ
Vložit
- čas přidán 15. 06. 2024
- China’s Tencent is backing the developers of blockbuster videogames such as “Pokémon Unite,” “League of Legends" and “Fortnite.” But Beijing’s regulatory crackdown on its tech giants could affect the company’s global videogame empire. Photo composite: Sharon Shi
More from the Wall Street Journal:
Visit WSJ.com: www.wsj.com
Visit the WSJ Video Center: wsj.com/video
On Facebook: / videos
On Twitter: / wsj
On Snapchat: on.wsj.com/2ratjSM
#WSJ #China #Tencent
I never knew that tencent owned 40% of epic games
I knew they owned 40% but what I didn’t know since 2012.
I am suprised you didnt know yet
Thats a miracle if you are in gaming and still dont know
Just stop using it. You are kinda supporting oppressive autocrat regime by normalizing it
'Games are like opium'
China : OPIUM?! Restrict gaming!
Thus, the new age of opium wars begin
trigger word lol
Too soon
Aged not so well, rip gamers in china
Xi jinping want better single player game
This is like Disney playbook. Whatever you play, it's own by us
Tencents investment portfolio Is pretty insane. They have stakes in a ton of companies
Game company: “Hey we want to enter China and let Chinese players play our games”
CCP: No, first you sell your shares to our companies than you can enter
Game company: “Ok let’s sell our shares”
Tencent: “We rich”
@@andriod8014 true
@@andriod8014 That's not how it works
@@stonechen6231 ok name one western gaming company that offers games in China but Tencent or any other company doesn't own. Please tell me how it works.
@@andriod8014 Interestingly, Tencent’s largest shareholder comes from an African company held by Americans.
You missed Digital Extremes, creator of Unreal Tournament and Warframe, acquired last year 100% stake.
Thank You, if I didn’t see this comment I would have left one myself 😄
Yea that sucks
@@jonathanjollimore7156 Which sucks? Not mentioning DE or Tencent acquiring it?
@@slomo4672 Tencent owing them
@@Vernardo what are you getting at? Everyone know the reason Tencent acquired Leyou is because of Digital Extremes, probably account for half of that 1.5B USD acquisition.
Sony: We're not gonna focus on mobile gaming. It's just not that profitable. Don't expect a new PSP anytime soon.
Tencent: hold my phone.
@WolframaticAlpha while true, they also make stupid amounts of money
We like big games not mobiles games
These are not games 🦤
They actually buy every successful mobile game dev.
Tencent is basically the Disney of the MOBA genre
Dang these people are like the Thanos of video games
Sup
🗿
How?
@@flux202 the biggest games from each genre is in the hands of tencent like infinity stones
@@YujiBoi12 won't lie I feel stupid after asking that. I don't know where i was 3 months ago.💀💀seems so obvious.
Thanks for the video
tencent also owns 5% of tsla, and a large stake in tesla china, of course, and indirectly owns another 12% of tsla, but don´t mention this, it could cause some problems
Well u just did the Ministry of of State Security will get in touch shortly
@@arya7757 apologies, here, I am medicated, so sometimes spree
@@xpengfangirl7942 it was a joke, I think anything that china does it thinks, twice if not thrice so maybe they are thinking of something new or some idea?
17% is a lot.
If I am not mistaken, Chinese government directly owns Chinese Tesla factory
I don't know...with regulation is bad, no regulation is bad...
I am an addiction therapist for online addiction in germany and I have to say, that the coming policy in China (1h on weekdays and just 2h on weekend days) makes me jealous. Of cause people in china will go around it in some ways, but it would be a big hit to reduce the consumption.
It just happened today that the policy is tightened as 8-9 pm on Friday, weekends, and holidays. In my opinion it is absurd. Kids won’t read books or play sports because of online games are banned, they will simply go watch junk videos or find other ways to kill time.
i dont think it can significantly affect the game industry in China. It only restricts minors from online games, but minors only contribute 3% of tencent's revenue.
this regulation only for the kid under 18, no restriction for the adult player.
There is no way to circumvent the restrictions unless your parents are in for it. You need to take a picture with your ID. Also I think similar restrictions exists for video platforms similar to CZcams (so either twiddle with your thumbs or go outside!) XD
只是给家长一个交代而已，这个政策并不会让孩子想学习，孩子们会去看视频、玩玩具，如果好一点的话去找伙伴玩。
Somehow they have not regulated loot boxes. 😂
it was never about protecting the consumer!
@@tianlechen its about protecting the competition
Monopoly hurts consumerism so they will be portected either way
The biggest surprise for me out of all of this is the fact that league of legends is still growing. I havent played in years. 😂
I think like that too. Just because I'm not playing, it means other people are not playing too. Wrong.
Facebook after seeing this: this is the Metaverse we want! To the Metaverse!
3:45 why did you cut him? he was about to say more...
Nice video.
Are they intentionally ignorring some cases like Tencent's investment in Ubisoft? Just because that might make Tencent not like a too bad guy?
1:02 Never knew thay Fortnite released in 2012. I thought it was introduced in 2017 then released in 2018.
the parents can't even stop their kids from playing games, idk how the government dares to be this ambitious.
Tencent feels like a monopoly. They keep acquiring large gaming companies to the point they're too big. Then, there are more companies on their watch list. Monopoly is not a good move in business tbh.
Regulations are a joke. Kids would just steal their parents or grandparents' credentials to login so they could bypass the playtime limit.
Western Children would. They lie, cheat and steal at a young age. Then they become politicians.
In China that wouldn’t work
Your kids know your passwords 🔑?
Tencent will be confused why there are more and more grandparents playing their league and legends.LOL
that doesnt work in China, you literally have to verify your identity by taking a picture with your ID card.
Nobody game on iMac like that
Tencent killed Unreal Tournament
While its fun to jump on the anti Tencent bandwagon and there is good reason to, Tim Sweeney claims that Tencent makes no business decisions on behalf of Epic.
And had this to say about UT: There are two considerations. First, many core developers on Unreal Tournament drove early Fortnite Battle Royale and are still key contributors. Second, we don’t know how to “finish” UT as the project was highly experimental and hadn’t found its essence.
I love this company at this price level. It is also good for selling put options
With all the scrutiny and investigations, I believe this is an apportunity to get a very important message acrross. Tencent should have addressed this a long time ago, and now that they are cornered, there is no way to turn your head away from this. Tencent: nerf Irelia!
The fact that I had downloaded LoL and was going to play it soon, until I came across this video, idk about yall but I think I should delete it before I start playing.
Its impressive on how big Tencent has gotten just on investments, and the fact that its still growing with the laws imposed in China.
.
. . . . . . . . Thank you for this great information delivered lovely
.
.
Do you guys not have phones?
Thank god Konami is not one of them ,PES Rules
But Konami is pretty much at Tencent's side 90% of the time.
Chinese government also trying to ban soda/sugary drinks in public school, plus this one hour screen time, maybe the kids will finally go outside, and they will be able to save some health care money for their future generation? heard their chubby kids problem is getting out of control too...
I don't know about video game regulation, but they definitely need regulation for soda and sugary foods, a lot of uneducated Chinese parents love their kids to be chubby and obese, they think it's cute and a sign of wealth, so they cram their kids with sugary foods and carp. You see a lot of those on Chinese TikTok. I bet a lot of those kids will grow up hating their parents.
This was true 20 years ago, but now Chinese men are protesting against women's rights by resisting fat women.
If you can't beat them, buy them.
@0PEN DEFECATI0N , NOPE! If you can't beat them, kidnap the CFO and daughter of the founder of the world top-notch telecom company, Huawei.
That's Rich coming from a country that accuses others of stealing technology that they don't have. What a Snowflake.
Those old people making the laws never even played games, and they say games are like drugs. Even if kids don’t play games, they are not gonna focus on studying, they will focus on something else like in the 90s
well, they might finally go outside see some sunlight, doing some sports or hangout with real friends for once... one hour per day is a lot screen time already here for kids in silicon valley even... or it will be a boom for single player games in China, who knows...
@@MAKIUSO the lockdowns ended long ago
Nor the kids are dumb as you. Most do follow rules if educated right
But I do agree that focusing on something else than video games is healthier. They may start a new hobby or a new sport.
you forgot overwatch
Screw tencent. All they do is buy games, make a clone of the game for Chinese audiences and monetize it. That's why some former tencent devs left and are making wukong black myth.
小丑竟是我自己，黑神话先上架再吹牛行吗？斗战神宣传片当时也吹上天，玩了不到半天我就删除游戏了。
Sorry, The devs developed Waking Black myth was also take Tencent as an investor and have large stake on them.
Good, when companies get too big, governments should step in. Or you will have companies like Amazon, Google, Facebook and Twitter, they became too big to control and start dictating government policies.
Twitter isn't big.
1 subscriber, no vids. Probably Chinese bot
then who owns Tencent?
not sure what's the point of cracking down on your most lucrative and successful companies
seems like self-sabotage or is there a long game strategy here
someone please educate me
because, the people who play those games doesn't go to work,
only influencer gets the money,
not the regular people who play online games.
in short your playing for fun.
but the chinese will crank it up to 11
so no work only play, and since majority have only 1 child, majority of them are spoiled brats
they want their young generation to grow into proper adult
Well it depends on how you define profit and profit for who.
Who needs 50 cent when you have tencent?
Underrated comment
NICE
Really… that’s it? Where is the freaking potential monopoly conclusion and the fact that Epic Games keep claiming Apple is monopolistic whilst they are owned by a much more monopolistic company themselves… for the longest time I have been waiting for a mainstream article about this and that’s your freaking conclusion?? Does Tencent own you too?
"Opium for the mind".
That somehow just made it more attractive.
Ahahahaha where is moontoon hahahaha
I'm smelling a new revolution brewing :3
Spiritual Opium Company. 😂
?
Ir they go west they need to invest in consoles.
Maybe strategic partnership with sony incoming?
Plz make videos with the aspect ratio 20:9
Yeah its annoying to watch
It’s ANTI-competitive behavior.
There are gang role plays on Roblox
@WSJ should buy this girl a better mic
Talks about tencents mobile games and how they seem to flop, but gloss over how they all started as being rip offs of other successful IP's just heavily marketed and targeted to the chinese market through their social media channels.
This game has developed long before in the hands of Tencent, most Chinese companies only invest and develop what already exists.
I don't understand chinese desire to destroy their successful ventures and companies. Hongkong. Alibaba, Tencent, chinese investment market, and many more. Is it because they were too pro-west and they were losing power? I admire China for the speed of innovation, however, I am glad they do not have control in Europe.
China's policy makers don't like the idea of companies being too big to fall. Or being able to rival them on any media. But that's just my assumption.
Alibaba is different story tho
It's the Chinese style. When an individual or a private company is important enough to bargain with Beijing, it will change the CCP's situation, and destablize the root of People's Republic of China. That's why Beijing is so alert to potential risk from Alibaba, Tencent...In Chinese political culture, stability is all.
i wouldn't call hong kong innovated anymore. If you know what's happening in HK, they actually went backyards in terms of their industry. Use to be Hollywood #2 but ain't anymore. No big tech company like alibaba or tencent. hong kong is an empty shell hub for financial just cause of it's legacy of an international hub
Why America is destroying Microsoft, why Europe is destroying Apple, Google. Because of monopolization.
LOL POLITICAL GAMING COMPANY
I play ffxiv so guess the Chinese government have no say over it.
Three hours of gaming for chinese children only ooof
Activision blizzard is in chaos currently.
Even CCP is harassing Chinese companies lol
Yea if the world wasnt enough to harass them calling ccp companies already
As long as Wechat still biggest social media platform, tencent will keep growing. government's scrutiny wont last forever
Tencent buy Verasity POV
❤
Thank God Valve isnt in the list
I'm Chinese but I support the Chinese government against monopoly because Chinese social media and payments are controlled by Tencent and Ali, including movies and music, but they don't share data and even shared links are forbidden, but it seems that recently I heard they are going to change. I think it's a good thing, after all I'm not a capitalist, I'm just an ordinary user.
@T B The Communist Party is not a Communist Party at all. It is a fully capitalist party. The Chinese people even miss the Mao era
@@user-ol3xf7gd1d The lockdowns prove the contrary.
So, if I am to understand this correctly China is not as bad as they say that they are.
Good. Know whos the boss.
Since when is league of legends not a casual game ? o0l0olol Also: Thank god in don't play blockbuster games. (:
看到6分投，属实难蚌
I don't play any tencent games.
*If it weren't for Allibaba, tencent would go under immediately!* is just a matter of time.
Good job China 👍
Well it almost seems like the Chinese government won't allow an internet giant to monopolize aspects of life in a modern society, unlike, wink, wink, you know who I'm talking about 🐶
Tencent is best cent.
they should have sold their games for ten cents like their name
I think all their games are free to play
@@jgao Ten cents is too expensive for him hahahhah
Long TCEHY
❤️Tencent games please keep making games for global market
#CancelChina #FreeUyghur #FreeTibet #FreeSouthMongolia #FreeHongKong
They make terrible games. Let Tencent implode
Scrutiny? Did WSJ know in the USA games are categorized as PG-XX. Scrutiny is everywhere in VideoGames 🥲🥲please make some real news..
Tencent = scratch cent
China is on a whole new level when it comes to technology
lol no they are jokes and weaklings that get crushed like bugs by USA
They really aren't, people just like to make China look like the "good guy" or the "more advanced" nation to spite the US and or the west as a whole.
@@jadenpark7943 "Crushed", you mean can't win Chinese so ban them, like huawei.
@@jadenpark7943 LOL crushed. 329,064,917 population versus china population 1,433,783,686. you telling me for every usa solider, they need to kill 4-5x chinese soldiers lol You're a moron
@@yuu4228 park? i smell south korean
Tencent is infamous among Chinese gamers for its greed and predatory business model.
Tiktok hmm
Pokiminh
6:20 that's the dumbest sh*t I've ever heard. I play 王者荣耀 everynight for hours
You can barely play 2 LoL games in 1 hour 🤣 That's so dumb..
nice you have VPN bro
Yeah but there was already a 3 hr limit for young kids. They know by your government hukou id.
@@johncharles3907 i Actually do cause 王者荣耀 only have Chinese server and i don't live in China. (Both Mobile legend and arena of valor sucks comparing to 王者荣耀 on mobile phone)
@@LaowaiDaveJCP wait, can you convert that Chinese game text into latin (i don't mean to translate it. )
Tencent also make biggest game PUBG
Krafton
They own pugb mobile not the pc and console version
@@thomasphilip8916 they are majority stake holders in krafton
PUBG!!
the us portrayed by china:
Discored:Wechat
Fortnite:LoL
"One of biggest names in the industry League of Legends"
Mlbb players - "No mlbb is better"
That's Wang Zhe Rong Yao in Chinese. I can spell it for you.
pubg mobail
They just have money. They can't make games
meow
The stingy nest constitutively rock because mosque macropharmacologically miss about a xenophobic sister. thick, succinct share
I would suggest Tencent to acquire the AC franchise......
You missed PUBG Mobile...
It's not that important
Also they mentioned pubj
Yup lets turn people overseas to game addict instead.
Yes because we love money 🤑
Games are made so you can be addicted
Is Tencent and 50 cent(wumao) relataed?
Is Supercell and CIA related?
@@user-us4hl3zr2b i miss those wumao keyboard warrior i just miss them
@@riccia888 I even missed much more of those CIA bots who's alliance with usa sadly those allied with usa can't speak bad about usa cause youtube paying CIA bot money for food and living
@@user-us4hl3zr2b lol. Make sure when you lie you don’t make a mistake ok? CIA earning dollars. So that mean they dont need youtube money. They have big house already. Wumao on the other hand earning 50 cent per message because they need the money to feed their family and wife🤣
Lol chinese disney cant own anything and everything
Yea I meant Disney as insult
Wish that I could back to the early 80s, times when all this CCP trouble wasn't an issue
you want that time, but no single Chinese want to go back to that time.
@@renhaozhang2537 well some Chinese need to grasp that all moments have a unique inherent value innately
@@jeffperteet2327 Yeah dying in famine must have its upsides
@@jeffperteet2327 As a kind of time memory, Yes, asked me to go back, No haha
roblox china has failed btw
Thanks for the handy list of games to boycott
If you are able to boycott all their games, then you already don't play video games lol
Lol it's almost every major game
Monopoly is evil
Indian kids will soon have nothing to play