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[IbizaPocholo]

China ‘suspends Tencent from updating existing apps’

It is not known how long the suspension will last and the Chinese ministry has not published any information about the ban.

www.scmp.com

China has suspended Tencent Holdings from updating its existing apps or launching any new apps as part of a “temporary administrative guidance” against the tech giant, Chinese media outlets including Shanghai-based Chinastarmarket.cn, reported.

According to the report, China’s Ministry of Industry and Information Technology has told app stores and platforms to implement the order against Tencent apps from Wednesday in a harsh administrative punishment against the tech giant, which runs dozens of apps including the super app WeChat that has 1.2 billion users.

Tencent said in a statement that it is cooperating with the authorities on inspecting its apps, indirectly confirming the report.

 

[jigglet]

 

[The_Mike]

Sweeney right now

 

[Silver Wattle]

CCP self immolating their domestic games industry.

 

[Vlodril]

Sweeney right now

Why would he care he owns epic no?

 

[RoboFu]

It’s a trick to make tencent seem harmless.

believe!

 

[nush]

China has suspended Tencent Holdings from updating its existing apps or launching any new apps as part of a “temporary administrative guidance” against the tech giant, Chinese media outlets including Shanghai-based Chinastarmarket.cn, reported.

CCP "Wait? you guys can change the content of apps after we have made you censor them without us knowing?"

 

[Kataploom]

I’ve seen enough simulated politic conflicts in my life to label this as a show for those concerned about Tencent being Chinese and therefore avoiding their games and stupid anticheats, so they can get some empathy or even total support

 

[The_Mike]

Why would he care he owns epic no?

Tencent (or China) owns 40 percent of EGS

 

[Vlodril]

Tencent (or China) owns 40 percent of EGS

And Sweeny owns 51 i thought.

 

[jigglet]

And Sweeny owns 51 i thought.

But he’s using them as a gateway to get his content into China. He’s right, Sweeney will be sweating.

 

[bitbydeath]

But he’s using them as a gateway to get his content into China. He’s right, Sweeney will be sweating.

Sony would probably buy Tencents shares (given the opportunity) since they are looking to expand into the PC market.

 

[Rat Rage]

That's how dictatorships work.

 

[Oddvintagechap]

But he’s using them as a gateway to get his content into China. He’s right, Sweeney will be sweating.

he aint sweating nothing. Epic has no reliance in the Chinese market.

 

[AGRacing]

Slapping yourself on the wrist to convince idiots that you and the wrist aren't part of the same person.

 

[Guilty_AI]

When the final boss commits suicide

 

[8BiTw0LF]

Tencent moving to the west now - for that freedom?

 

[LazyParrot]

But he’s using them as a gateway to get his content into China. He’s right, Sweeney will be sweating.

LOL he's been sweating for a while. They shut down Fortnite in China before it even launched.

 

[Holammer]

Sony would probably buy Tencents shares (given the opportunity) since they are looking to expand into the PC market.

In such a scenario, it's more likely Microsoft or Amazon would buy the shares. Sony does not have the capacity to spend 10-12 Billion smackeronies like that.

 

[bitbydeath]

In such a scenario, it's more likely Microsoft or Amazon would buy the shares. Sony does not have the capacity to spend 10-12 Billion smackeronies like that.

That’s not true.
They still have 14 billion already set aside for spending and could easily add to it if they wish.

Sony to spend $14 billion on investments, will be aggressive on games

Sony still has $14 billion to spend on major strategic acquisitions from now until March 2024, including major studio buyouts.

www.tweaktown.com

 

[FStubbs]

Eh, didn't China lock up Jack Ma and Gong Li for 6 months? They do this from time to time whenever any entity they control thinks it has any say. Any dictatorship has to pummel people from time to time to continually show who's boss.

 

[RoyalLaFlame]

Didn't Tencent and Alibaba just get fined by the Chinese Government because of antitrust behaviours? I'm pretty sure this is related to that. China is going around investigating monopolies on their own country.

This doesn't come out of thin air because China bad.

EDIT: YUP, they did

 

[LOLCats]

lulz

 

[Azelover]

I don't understand any of this.

 

[brian0057]

Why would he care he owns epic no?

Tencent owns 40% of Epic (for now).
And Tim is just a guy with piece of paper that says he owns the company.
So I'll put my metaphorical money on the multibillion dollar Chinese conglomerate that's swallowing western companies left and right as having a considerable effect on "Sweeny's company".

 

[MonarchJT]

That’s not true.
They still have 14 billion already set aside for spending and could easily add to it if they wish.

Sony to spend $14 billion on investments, will be aggressive on games

Sony still has $14 billion to spend on major strategic acquisitions from now until March 2024, including major studio buyouts.

www.tweaktown.com

Sony bigger of all the time m&a as been 3.7b

Sony to Acquire Full Control of Financial Unit for $3.7 Billion

Though little known outside Japan, Sony Financial Holdings is a significant presence in Sony’s home country, offering life insurance, auto insurance and banking products such as foreign-currency accounts.

www.wsj.com

SIE (Playstation) biggest of all time was just 219m to buy Insomniac

everytime i read that Sony is going to spend something like 3 or 4b on an acquisition for the PlayStation division it makes me think that people have no idea how Sony is used to functioning. Guys it will never happen.

 

[TheMay30thMan]

Tencent owns 40% of Epic (for now).
And Tim is just a guy with piece of paper that says he owns the company.
So I'll put my metaphorical money on the multibillion dollar Chinese conglomerate that's swallowing western companies left and right as having a considerable effect on "Sweeny's company".

51% of a company’s shares isn’t just a piece of paper that says he owns it. That being said, even as the majority shareholder, he’s still probably sweating at the thought of tencent being shut down.

 

[dbilyliker]

Sony would probably buy Tencents shares (given the opportunity) since they are looking to expand into the PC market.

I thought you said it backwards

 

[TheThreadsThatBindUs]

CCP self immolating their domestic games industry.

Oh, you naive sweet summer child.

This has got nothing to do with China's game industry (of which the CCP gives zero shits about anyway) and very likely everything to do with the CCP exerting pressure to get access to all that US and western gamer and mobile user data.