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this post was submitted on 14 Jan 2023
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GenZedong
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Honestly curious why they're doing this. The US-led west is already eying up any company whose CEO was seen even driving past a PLA parade as things to sanction and ban and fearmonger about.
I can't imagine the US will react well to this and allow future Tencent acquisitions or investment in US companies, Alibaba I don't think has as much exposure but Tencent had some interests and futures in the west I thought, though maybe they're already being blocked and they decided basically if the west is going to do that and freak out they might as well actually have some power over them.
TenCent is "too big to fail", if the US were to sanction them, a massive portion of the American entertainment sphere would collapse. It would be economic, and political suicide for nothing but propaganda points.
I don't think China gives a shit what US thinks at this point. Their primary concern is to ensure that these megacorps are kept on a tight leash.