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FT: Chinese Government to Take Stake in Tencent

Recent reports reveal that the Chinese government will take a stake in Tencent.

This information was published by the Financial Times (via GamesIndustry.biz). If you’re interested in the state of the video game industry, you can check out our other articles here.

FT: Chinese Government to take Stake in Tencent

The Financial Times reported that the Chinese government is ready to take stakes in Tencent and Alibaba.

“Golden shares” are business operations that allow regulators to get involved in technology companies. These shares are usually 1% of a company and come with the ability to vote on important business decisions.

Financial Times sources familiar with the matter said that the stake will be in one of Tencent’s main divisions in China.

The Financial Times described “golden shares” as a greater effort to police tech giants inside China. At present, it is unclear how this will affect Tencent’s video game business.

This surprising information comes after Tencent bought a 20% stake in SHIFT UP, the developer of Destiny Child, Goddess of Victory: Nikke, and Stellar Blade.

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