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this post was submitted on 31 Jan 2024
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Why would they do that, though? They're a private company. They didn't have to let Tencent buy in in the first place, which means it was purposeful.
And the reason companies give Tencent a cut of themselves is to have better access to the Chinese market. You need a Chinese publisher or partner to operate there, and Tencent offers that to software companies in exchange for letting them buy in. They always buy minority stakes, and they don't take over editorial control of anything.
They're actually a good business partner for anyone wanting to have their games distributed in China.
They're just also a really aggressive F2P developer.