Hacker News Reader

Parent Full thread

est

> Isn't Epic also mayorly Chinese owned?

By Chinese you mean Tencent? Tencent is south-african owned.

View on HN

Tencent is Chinese and has its hq in China.

> By Chinese you mean Tencent? Tencent is south-african owned. @est

> Founded in 1998 with its headquarters in Shenzhen, China,...

> ...Tencent has been listed on the Stock Exchange of Hong Kong since 2004.

> https://www.tencent.com/en-us/about.html#about-con-1

Since we are talking about how Epic was invested by Tencent, the same rule applies here:

https://www.ft.com/content/1270c7e4-95e4-406f-b712-c32341524...

South African internet group Naspers, Tencent’s biggest shareholder

In China, the government is more powerful than capital. No matter where their money comes from, Tencent is at its heart a Chinese company, with all the shenanigans that entails.

> the government is more powerful than capital

That depends how you perceive government. The Chinese government is just one of the the executive branches of CCP holdings.

That's a strange way to look at sovereign wealth. Their government has power far beyond the budget and no real checks and balances.

Reply on news.ycombinator.com