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Honestly before I created the post I had forgotten Tencent was even a stake holder. They have their hands in everything.
Stellar Blade developer Shift Up to go public at projected valuation of $2.3 billion
- Thread starter Gamernyc78
- Start date
And yet Tencent had enough money to invest in Epic, Larian, From and Shift Up way before Sony ever did and now they're raking billions from small investments. Sony have a console and they even fund and publish some of these games
Tencent makes more money than them as the publisher. This is clown world for Sony.
What a surprise, Tencent is already invested. No chance for Sony to get in there or other Asian developers, Tencent seems to be a step ahead, always
They make a LOT of gacha money on Nikke, I wouldn't be surprised if they were more profitable than Bungie especially as of late.
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Yes, meaning shares can be publicly traded/bought by general public, now you go buy some shares. I'm definitely thinking about it.
Isn't tencent an extension of the Chinese government they'll have plenty of money to burn lolAnd yet Tencent had enough money to invest in Epic, Larian, From and Shift Up way before Sony ever did and now they're raking billions from small investments. Sony have a console and they even fund and publish some of these games
Tencent makes more money than them as the publisher. This is clown world for Sony.
They invest small money years before the companies get big. They are not burning anything. Sony already has these relationships, they fund the games but they don't invest beyong the actual game. Tencent gets all the rewards with no risk.
Fortnite is big on PS but Tencent makes more profit. They paid 330 millions for 40% of Epic while Sony paid 2 billions for 4.9%
They also lost Marvel and Spider-Man when they were cheap as fuck. Rocket League, Fall Guys and many more.
Tencent could get Arrowhead and Square tomorrow and nobody would be shocked.
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I'm seriously thinking of putting duwn a few g'z on shares.I might buy 1 share just so I can say I'm an investor
I don't have that kinda money but if it's something you wanna do & take a risk on go for it if you can afford to
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This is the reason PS is going hard w live service & there missing on mobile they have no true experience, only 1 studio they should make mobile studio/publisher acquisition in 2024/2025 if I where them.
Going public means this company will be included in the stock exchange market. So investors and people will be able to buy shares of the company.I might buy 1 share just so I can say I'm an investor
I don't know how it works in terms of paperwork, taxes, requirements, etc. but yes, you should be able to buy shares. Not sure how it works in other places, but here I can go to my local bank and tell them to buy me a certain amount of shares (or certain amount of money) of whaterver company.
Each share of the company will be initially valued at 200 won ($0.15). Not sure about the fees your bank would ask for, if you have to a minimum.
But pretty likely you can ask your bank to help you spend $10 or $50 dollars acquiring shares of "Shift Up Corporation", mentioning them that the company is listed in the Korean Stock Exchange. You may even be able to do it via your bank smartphone app.
I just checked my case, they offer a dozen comission free operations during the half year and a $1-3 fee per operation.
In China they have public companies (owned by the government) and private companies (not owned by the government). Tencent is a private company.
But like in any country, a local tech company that is top tier worldwide means it's an strategical asset, so they have it pretty much controlled and protected.
On top of that, in China they have a single political party with different factions that have minor differences between them, they basically vote individal people to represent them at a neighborhood, city, province, region and national level. Each one of these steps of government have a lot of direct or indirect presence everywhere via public companies.
Meaning, a huge portion of the people there belongs to the party, to some kind of these steps of government or in a public company related to them. So even private companies have a lot of people from the party/government or that is somehow related to the government.
So technically isn't controlled by the goverment, but indirectly is pretty much controlled. But being a huge company important for their country, the government also does several things to help them.
These huge companies do things like in addition to pay their taxes to make a "donation" to the government to fund a new top tier tech public university, whose best students later will work for them.
On top of that, in China they have super strict regulations for a ton of things, like in this case videogames. Which means they constantly fuck companies like Tencent. To partly avoid this fuckery and prevent harder fuckery, these big private companies invest elsewhere outside their country diversifying their stuff and chasing win/win relationships.
They don't ask to change anything to the acquired/invested company, just the normal share of divends/profits from any other investment. Maybe they help them with other companies they acquired, or help them to enter China in this case publishing their games in their Tencent store and marketing it in the Tencent social networks to boost the value of the acquired/invested company.
Half of the gaming revenue is made on mobile games, where basically everything is GaaS:
Addons (dlc+microtransactions+passes, mostly from GaaS) are the biggest and fastest growing revenue source even in consoles:
Sony already had very successful GaaS like LBP, PS Home or GT Sport, and now MLB, GT7, Destiny 2 and Helldivers 2. They acquired or hired expert and successful GaaS devs like Bungie, Firewalk or Haven, or rehired the Rainbow Six Siege director for the Horizon MP game.
Regarding mobile, they acquired a dedicated team, Neon Koi (previously know as Savage), who arre people who worked in top tier mobile companies like Supercell or Rovio, and also top console+PC GaaS devs like Rockstar or Wargaming. Sony also made strategic partnerships with top mobile companies, top worldwide but specially in Asia like Tencent, Netease, NCSoft, Shift Up, MiHoyo or a company who is top 1 in mobile for Japan whose name I forgot but makes Genshin Impact-like games.
They are obviously focusing on their traditional console business, but also growing in GaaS and PC. They have been working to grow in mobile too, but results from that will take a little longer, maybe a year or two.
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