A Closer Look at Tencent, the World's Biggest Game Company (polygon.com) 18
An overview of Tencent's burgeoning games dominance. From a report: In the West, tech giant Tencent is not yet a household name. While its size and acquisitions have made frequent headlines, its presence has remained understated relative to competitors like Amazon and Google, with the name occasionally peppered into conversations as an example of China's burgeoning influence on technology and entertainment around the world. But in China, Tencent is everywhere. It's behind the nation's most popular messaging app, WeChat, with over 1.2 billion monthly active users. It's the behemoth that created QQ.com, one of the country's largest web portals and the world's fourth most visited website. And with Tencent Music, it also owns the majority of China's music services, with 841 million active users. It's also China's -- and the world's -- biggest game company. And with a growing presence internationally, we recently decided to take a closer look at how it operates and what it owns.
Even bigger than EA (Score:2)
Re:Even bigger than EA (Score:4, Insightful)
Do you make your money as a Chief who sells customers $1,000 meals of high quality to a few people every day.
Do you make your money as a Fast Food chain owner selling $5.00 meals of low quality to millions of people every day.
MCDonalds Net worth is roughly 47.5 billion USD
Gordon Ramsay's net worth is 220 million USD
With most of those games you may find one or two that you actually like, and either watch the add to play them, or buy the app, as it only cost a few bucks
Or when you choose a big name big game, before you shell out over $60 for it, you actually consider if it is really worth it or not, compared to playing it for a few minutes.
Re: (Score:1)
As a gamer, neither. I don't want the cheap shovelware or expensive AAA titles, because they both boil down the same thing, stale mechanics covered in a thick layer of glitter..
Give me a good indie dev, the equivalent to a corner deli. Where the food is better than the cheap fast food or the $1000 bougie joint, and I can shoot the breeze with the owner while he makes it.
Re: (Score:2)
Of which 30+ billion USD is real estate. Selling food is MCDonalds' side gig.
Re: (Score:2)
Do you make your money as a Chief who sells customers $1,000 meals of high quality to a few people every day.
Do you make your money as a Fast Food chain owner selling $5.00 meals of low quality to millions of people every day.
MCDonalds Net worth is roughly 47.5 billion USD
Gordon Ramsay's net worth is 220 million USD
With most of those games you may find one or two that you actually like, and either watch the add to play them, or buy the app, as it only cost a few bucks
Or when you choose a big name big game, before you shell out over $60 for it, you actually consider if it is really worth it or not, compared to playing it for a few minutes.
Oh now come on, the CEO of McDonalds has a far lower net worth than Ramsay, and that 47 beelion is spread out over gazillions of shareholders. Should have gone with something like $2 billion Cheesecake Factory in that example :P
Re: (Score:2)
They don't really have a choice. Most games consoles are not sold in China, and gaming PCs are not very common. Smartphones are very common, although many people have mid range or hand-me-down ones.
Pass (Score:2)
Not interested.
Exclude Chinese users and what are the numbers? (Score:1)
Yes they are big in the home country. What are the user numbers outside of the home country?
Tencent owns 40% of Epic (Score:3, Interesting)
and is directly tied to and controlled by the CCP. [wikipedia.org]
For the occasion of the 19th National Congress of the Chinese Communist Party, Tencent released a mobile game titled "Clap for Xi Jinping: An Awesome Speech", in which players have 19 seconds to generate as many claps as possible for the party leader.[279]
In August 2019, it was reported that Tencent collaborated with the Publicity Department of the Chinese Communist Party and the People's Daily to develop "patriotic games."[280][281]
In a December 2020 article in Foreign Policy, a former senior official of the Central Intelligence Agency stated that the CIA concluded that Tencent received funding from the Ministry of State Security early on in its foundation. This was said to be a "seed investment" that was provided âoewhen they were trying to build out the Great Firewall and the monitoring technology.â Tencent denied this allegation.[282]
In 2021, it was reported that Tencent and Ant Group were working with the People's Bank of China to develop a digital currency.[283][284]
Polygon's on crack. Again. (Score:2)
"Tencent is not a household name in the west."
Say what? To pretty much every gamer out there, and there are a LOT of those, Tencent is absolutely a household name...
Re: (Score:2)
Yeah was gonna say, PUBG is a tencent game. Pretty sure it was (and still is) all the rage stateside
Re: (Score:2)
Since I don't drink alcohol, I've never been interested in this "PUBg" game. Who wants to play a pub simulator anyway?
Re: (Score:2)
Communism? (Score:1)
Was there an article? (Score:2)
I know it isn't cool to be on slashdot and read the articles, but I honestly can't find an article on the posted link.
Just a big stupid set of children's blocks stacked up with a dumb polygon logo in the top left.
What is with these web design folks where they think a pretty picture is 'content'. Give me some damned text to read or an object to buy or GTFO. Go get a job as a gardener somewhere if you want nothing but pretty things around you. The rest of us want something they can DO or READ.