Wokeness has nothing to do with corporate financing. People are grossly exaggerating the power that "ESG" has. 99.99% of investors give 0 fucks about wokeness and just want maximum returns.
Epic was by far Tencent's most profitable investment and has made Tencent many billions of dollars. Epic did not need Tencent's money, and had Epic obtained loans instead, Sweeney would have been far far better off since he'd still fully own his company instead of having 40+% owned by the CCP.
Epic is the CCP's bitch, and Sweeney's lawsuit against Apple was done primarily to assist the CCP in taking over the video game industry.
Tencent steals everything it can, and uses the money it generates from its theft to buy the rest. Tencent has been buying up dozens of video game companies, and is a very real threat to the video game industry.
How so? Apple is already in bed with China. It would be like friendly fire.
I'll explain how:
The US and Japan dominate all video game platforms (Xbox, Playstation, Nintendo, Steam, etc) and so all Chinese video game companies must obtain approval from these companies and pay tax to them. The CCP cannot abide doing either.
Chinese game companies generally get blocked from US/Jap platforms because their games are trash, though they've been getting into app stores somewhat. They SEETHE at the taxes they have to pay to Apple/Google.
China is completely unable to make its own competing video game platform, so the CCP plan is to destroy the power of the existing platforms and break the market open to getting flooded with Chinese games. The Epic lawsuit was aimed at accomplishing this.
And FYI China only sees a tiny, insignificant fraction of the money spent on Apple products. Although assembly happens there, Apple pays very little for this.
Wokeness has nothing to do with corporate financing. People are grossly exaggerating the power that "ESG" has. 99.99% of investors give 0 fucks about wokeness and just want maximum returns.
Epic was by far Tencent's most profitable investment and has made Tencent many billions of dollars. Epic did not need Tencent's money, and had Epic obtained loans instead, Sweeney would have been far far better off since he'd still fully own his company instead of having 40+% owned by the CCP.
Epic is the CCP's bitch, and Sweeney's lawsuit against Apple was done primarily to assist the CCP in taking over the video game industry.
Tencent steals everything it can, and uses the money it generates from its theft to buy the rest. Tencent has been buying up dozens of video game companies, and is a very real threat to the video game industry.
I'll explain how:
The US and Japan dominate all video game platforms (Xbox, Playstation, Nintendo, Steam, etc) and so all Chinese video game companies must obtain approval from these companies and pay tax to them. The CCP cannot abide doing either.
Chinese game companies generally get blocked from US/Jap platforms because their games are trash, though they've been getting into app stores somewhat. They SEETHE at the taxes they have to pay to Apple/Google.
China is completely unable to make its own competing video game platform, so the CCP plan is to destroy the power of the existing platforms and break the market open to getting flooded with Chinese games. The Epic lawsuit was aimed at accomplishing this.
And FYI China only sees a tiny, insignificant fraction of the money spent on Apple products. Although assembly happens there, Apple pays very little for this.