The struggle shows no sign of letting up.from the Chinese government in over a year this September, and it's not like COVID is going anywhere any time soon. We can probably expect the company to continue cutting back at home and expanding abroad in the foreseeable future.
Kweichow Moutai, on the other hand, stands to benefit from promised governmentThis is far from the end of the road for a company as massive as Tencent, but it is a stark illustration of how bleak things are looking for Chinese tech companies at the minute. Nevertheless, Tencent still has fingers in plenty of pies: aside from its stock woes, Tencent has most recently been in the news for
Source: News Formal (newsformal.com)
They should close epic game store to cut losses
Tencent is living up to their name now
Best news in a long time.
Extremely fucking happy rn Tencent supports the shitty CCP and always makes cash grab spin offs of otherwise decent IPs instead of making a faithful port. I'm glad they're dying.
They ain't losing anything, CCP's got their back
Good
I guess the Small Hats took it all? well that's communism for you
Say goodbye to your fortnite skins lmao
Good.
Good.
MaficMonstroci1
Ohh no…. The horror…
F
Many people are pointing out something that is really true and fucked up, maybe this will lead them to purchase Even more actions and holdings on media
GOOD RIDDANCE
So they're down 650 billion and are still the 2nd largest company in China? How much are they still worth?
Good
. _ .
riotgames MOVE! BUY YOURSELF OUT
Still the second largest company in China. Sadly they aren't going anywhere.
SkillUpYT
Don’t know they are this many experts in financial,marketing and how to run a company Twitter is just a circus
now time for microsoft
Keep it going Tencent. I like this direction
Good.
So where did they fuck up? I’m really glad to hear this, just curious
Ban Chinese businesses in America. Ban everything to do with them.
mrpanda_play
BILLION? 650 BILLION USD? I know they're big but wtf
Their revenue is still strong; metric value isn’t always the best metric of business health.
Pack Watch
i tbh have never even heard of tencent but if its owned by china im glad they losing money
we're in a bear market lads. Netflix is also down 75%
Good
Press F to spit on their grave
GOOD.
Even though I'm not a fan of Tencent, it's always sad to see people lose their jobs.
Lets go
inshallah soon they will be worth 10 cent
good
pathofexile GrindingGearGames
Excellent
GOOD! Hope these CCP stockholding infiltrators go bankrupt and western publishers and devs have to find other investors for their games.
Muito triste com uma notícia dessas 🎉🎉🎉🎉🎆🎆🎆🎆🎆🎊🎊🎊🎊🎊🎊🎉🎉🎉🎉🎉🎆🎆🎆🎉🎉🎉🎉🎉🎆🎆
Nice
that liquor company is one of the biggest liquor company on the planet 😅
Press S to spit.
Wow
Good
atleast they got pubgm
YEAHHHHH BABY! THAT’S WHAT I’VE BEEN WAITING FOR, THAT’S WHAT IT’S ALL ABOUT! WOOOOOOOO!
Fantastic news
Good
lol
SYACVG can I request this post?
“Maotai rice wine”—just in case so everybody knows, it is the most expensive alcoholic drink in China that has an intense smell and taste with alcoholic content north of 50%, stronger than most vodka/whiskies/rum, and can not be blended as cocktail due to the nature of taste
This is very good news
Good
😂
HAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
Good.
I'm betting plenty of companies are now regretting doing business with China.
jamyn
Yes finally, I hope it dies
damn bruh thas tough
Just a reminder that moutai isn’t just any liquor company, it’s the most well known one in China.
Omg thats awesome
EvilAFM cayó
FOR REAL? 🎉
sucks to be them I guess
Most excellent.
Xbox Would you mind One of the Biggest Profit on Tencent is their ANTI DDOS System It's Stronger than North Koreas Atom Bomb
One of the biggest gaming company In the world? Actually surprised
More
Yay!
hehehaha
Good. Let it lose more.
Tencent now worth Ten Cents.
wtf? is this real? How the fuck
Now can the same happen to BlackRock, please?
What’s going to happen to riotgames now? Hate to see a lot of their projects getting cancelled… especially arcaneshow. Losing over half a trillion isn’t something that can just be swept under the rug. Surely it will affect YAGERdev TurtleRock as well.
Such awful and terrible news
Like Sony.-50%.Gaming Sony its now like Roblox
fantastic news!
good, i hated their goofy ass updates on pubg
w
don't care
notaxation DustinCanFly ChrisRGun
tencent owns, was it a 50% stake in epic games?
Fico triste KKKKKKKKKKKKKKKKKKKKKKKKKK
Way to go guys! Let's aim for 750 next!!
IT KEEPS HAPPENING
How? Don't they own parts of all the large gaming companies in the west?
Who cares?
Epic games 😬
I wouldn't celebrate so quickly, they might move all their stuff to the west so they can do business here
everyone's celebrating about them suffering in their domestic market, but that's exactly the reason why theyre so aggressively investing in overseas game publishers/developers. this isn't really a good thing.
W
Apparently no1 in the comments read the article.I would like for Tencent to burn, but they are saying that it's an effect of the Chinese economic problms, and if anything, Tencent will be the most successful Chinese company as they are investing and buyin foreign companies.
I hope it was because of gamers, because that would be proof that voting with our wallets works.
This is karma for milking your gamers
Thank god
From the point of view of video games in the west, I see this as good news
Lol you dont even know that the liquor company is actually on of the biggest company in china
Huge W
Kirby0Louise Cuz all that money comes directly from the Chinese govt lol... nothing new. they inflate companies all the time.
Amazing news !
Now this is good :)
Greatest news ever!
Good
WAIT IS RIOT GONNA DIE IM SO HAPPY
腾讯好死，开香槟喽
They p2w monetization is working huh tencent
Nice!
THANK YOU GOD 🙏🏾
'and players are loving it'
Good. May they can stop acquiring so many studios now.
Ha fkn ha!
Tencent is an absolute garbage company.
Let's hope it keeps getting smaller.
Pwnt
这是一个来自酱香科技的胜利🥳🥳🥳🍾🍾🍾
Fantastic
Good...
Let more bad news about them come out. Anything to get them out of gaming.
Good
taught it was the usual brit propaganda, turn out its true !
Pretty much all Asian gaming studios/companies are predatory with practices like microtransactions, except most in Japan like FromSoftware, Team Ninja, Sega, and Sony to an extent.
This shows how unlike Western style democracies, Chinese government cannot be swayed with money. Like imagine Jack Thompson is the president or the Justice Supreme Court.
Good
Good
Great
hell yeah!
Y’all acting like liquor companies aren’t some of the biggest companies in the world. Most of them are diversified & own many smaller companies. Hell, I bet some of them own tech companies.
Honestly, I've always figured we'd see a day where they'd one day be powerful enough to stage a coup in China, and become the new dictators out of the premise of being the 'saviors' who toppled the old regime.
Most of that loss is from Epic Games platform exclusivity bribe lol
Nature is healing
Play enough stupid games, win stupid prizes!
aw yisss hope they completely go under
In Chinese politics, liquor is like a cigarette in prison😰.And as you can see,Maotai liquor is bigger than a technology company,it's not good news.
Doesnt matter, sadly, they have infimoney cheat anyway.
Hallelujah
What a shame, time to go celebrate
HAHAHAHAHAHAHAHHAHA
They actually don’t care.
Finally, some good news
Good
the company is finally worth ten cents
Finally some good news about Tencent.
Excellent news
LETS GOOO
It's sad, because they have purchased IPs I think are valuable... but I don't trust Chinese companies, and don't believe they deserve revenue from the gaming industry.
Hopefully people like these companies will step away from their horrible monetization with stuff like this happening.... but won't.
Dare I say.. Good?
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