![]() ![]() Tencent Pictures is the company’s film production and distribution division. ![]() Short-film competitions and assistance programmes are also available. Tencent has a strategic emphasis on original material in the form of micro flicks and homegrown dramas when it comes to content. It also provides a video-on-demand service and provides video volume amplification, colour quality control, and other functional services to television broadcasts. Tencent Video’s overseas version, WeTV, complements the website. Tencent Video is a video streaming service based in China. These applications have a total of 800 million active users, with 15% of them paying for a subscription. TME has developed many applications in conjunction with Swedish audio streaming provider Spotify, including Kugou, Kuwo, WeSing, QQ Music, and Ultimate Music. Tencent Music Entertainment (TME) is primarily responsible for the development of music streaming services tailored to the Chinese market. In keeping with Chinese government plans to assist eCommerce growth, WeChat now provides a comprehensive digital payment solution. It became the world’s biggest standalone app by total users seven years after its introduction. In 2011, the business released WeChat, a multi-purpose chat, mobile payment, and social networking app. Here are some of the big names that are featured in Tencent’s portfolio: WeChat The firms and subsidiaries in which it holds a majority interest are listed below. Tencent is a massive corporation with a stake in over 600 businesses. However, it is arguably most recognised for its involvement in the video game industry, both as a game producer for the Chinese market and as a buyer of numerous existing gaming firms. Companies in the internet services, music, and artificial intelligence sectors are among its several worldwide subsidiaries. Ma Huateng, Zhang Zhidong, and Xu Chenye formed Tencent in 1998 as a Chinese international company. Who And What Else Does Tencent Invest In? If you ever want to check out what he’s up to on Reddit, he goes by the username ‘Spez’ he mostly posts in mod-related subreddits but it didn’t take long for me to see a picture of his Cavapoo puppy. However, the majority of shares in Reddit are still in American hands, with Steve Huffman still reigning at the helm as CEO. Tencent has invested in Spotify, Epic Games, and Snap, but none of them have experienced the censoring that Reddit members fear. Other US enterprises with Chinese financing, on the other hand, have escaped the country’s restrictions thus far. A brief video of a foreigner reading from Mao Zedong’s Little Red Book was banned from the site in one case. Users that log into their Chinese accounts on Douyin, the Chinese counterpart of TikTok, from outside the state have had their postings removed. If their accounts are linked to mainland IDs, WeChat users in the United States may still be restricted. While China has previously banned information outside of its borders, it has often done so via Chinese native applications linked to mainland accounts. ![]() The investments from China raised concerns amongst Redditors, who don’t like the idea of their free-speech platform being censored in Chinese fashion. While the platform is still owned by American company Advanced Publications, Chinese investors do have stakes in the company. In 2019, Tencent, the Chinese digital titan behind WeChat and League of Legends, invested $150 million in Reddit, raising concerns about censorship among Reddit users. Where does this idea come from? Does China Own Reddit? PinĪfter Steve and Alexis left Reddit in 2009 and moved on to different ideas, their community manager Erik Martin kept the idea going and came up with two different ways of advertising on the site in the form of sponsored content and self-serve ads.įast forward a few years and not only have Steve Huffman and Alexis Ohanian returned as executives with Ohanian again leaving this role, but there’s also a lot of discussions over China owning the company. The main goal of Reddit was to create a “front page of the internet”, which is the idea they developed the platform around from its birth. Reddit was founded in 2005 by Steve Huffman and Alexis Ohanian after a couple of failed attempts at creating business startups, including a business idea that involved being able to order food by text message called ‘My Mobile Menu’. Or, it might not surprise you if you’re an active user on the platform, due to the many memes that are created in response to any Chinese involvement. Although Reddit was developed and launched in the US, it might surprise you to know that China does now play a huge role in the social media platform. ![]()
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