China's government is buying Alibaba and Tencent shares that give the Communist Party special rights over certain business decisions. Not quite nationalization, but moving in the right direction.

I hope that's a start. Tencent is one of the biggest multimedia companies in the world and actually biggest in the video games market. That's a lot of unused propaganda power right there.

Honestly curious why they're doing this. The US-led west is already eying up any company whose CEO was seen even driving past a PLA parade as things to sanction and ban and fearmonger about.

I can't imagine the US will react well to this and allow future Tencent acquisitions or investment in US companies, Alibaba I don't think has as much exposure but Tencent had some interests and futures in the west I thought, though maybe they're already being blocked and they decided basically if the west is going to do that and freak out they might as well actually have some power over them.