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The Chinese are coming and they're hungry for games companies.
They need new content to feed their 560 million avid gamers, who contribute to the biggest gaming market in the world - worth an estimated $24.4bn (£19.8bn) in 2016, according to Newzoo.
And this market is growing at around 15% a year.
Chinese firms have already spent more than $111bn on foreign acquisitions this year, according to Dealogic, with some of the biggest deals involving gaming companies.
Internet giant Tencent - which owns the WeChat and QQ Games platforms - bought Finnish Clash of Clans mobile games maker Supercell for $8.6bn earlier this year.
Should games firms welcome or fear Chinese conquest?
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The Chinese are Coming and They're Hungry for Games Companies
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It's not reality that's important, but how you perceive things.
(Score: 2) by Unixnut on Sunday November 06 2016, @02:57AM
Yeah, I suspect the Chinese know those Treasury bonds they have been buying for the last 30 years will probably be worth less than toilet paper soon. Dumping them all on the market is hard because the rest of the world does not really want them either, and it might spook other people into selling and cause a crash. Not good for anyone really.
So what do you do? You redeem them in the country that originally issued them, in exchange for hard assets. You are literally buying up real things using bits of paper IOUs issued by that same country. When the dust settles the Chinese will hold all productive assets, and you will have paid back the debts you owed by accepting back the IOUs.
I can't blame them for what they are doing. If I was sitting on US Treasury bonds I would be doing the same.
(Score: 3, Insightful) by JoeMerchant on Sunday November 06 2016, @04:07AM
A different twist on that story is: the Chinese won't start world war III, because then the US could cancel all the debt they own the Chinese.
When you look at the US from the outside, what can you buy from here? We'll sell fancy military hardware to some people, and a few natural resources, real-estate isn't exactly exportable, but entertainment - we do appear to be quite a bit better at that than the rest of the world, and by a pretty wide margin - though some non-US countries are getting pretty good at emulating Pixar lately.
If over half a billion Chinese value video games, then, sure, we can do that for them.
🌻🌻 [google.com]
(Score: 0) by Anonymous Coward on Tuesday November 08 2016, @05:22PM
The Chinese won't start WW3.
1) Their leaders seem in control of their nukes AND their leaders seem to be in control of themselves and not likely to go full retard. What would their leaders gain from it?
2) Look at their track record of military intervention in other countries (Tibet etc) compare it with the USA. The USA is more likely to start WW3. So China seriously does need their nukes to make the USA/"Trump-grade Presidents or their advisors think twice.
3) They have less than 300 warheads and have stated a policy of not using them first. They have even fewer nuclear missiles that can reach the USA: https://en.wikipedia.org/wiki/China_and_weapons_of_mass_destruction#Nuclear_policy [wikipedia.org]
Compare:
https://en.wikipedia.org/wiki/Nuclear_weapons_and_the_United_States#United_States_strategic_nuclear_weapons_arsenal [wikipedia.org]
https://en.wikipedia.org/wiki/Russia_and_weapons_of_mass_destruction#Nuclear_arsenal_of_Russia [wikipedia.org]
So with their fewer nukes if they nuked the USA they'd just get rid of the city folk and most of the Trump supporters would survive. That's probably not a good outcome for them ;).
See: http://images.dailykos.com/images/146419/lightbox/Intro2.png?1433260066 [dailykos.com]
p.s. China is already in deep shit over the debt. The USA owes China in _US_ dollars. The US can and has created lots of US dollars (see Quantitative Easing). It's a shitty game but they have to play it as long as the Petrodollar remains the "world currency" (but Russia is selling oil to China in RMB now so...).
(Score: 0) by Anonymous Coward on Wednesday November 09 2016, @06:12AM
The US is more likely to start WW3 than China. The US President can unilaterally start WW3 by himself.
See: http://www.slate.com/articles/life/the_spectator/2011/02/an_unsung_hero_of_the_nuclear_age.single.html [slate.com]
But you've probably read about Richard Nixon acting erratically, drinking heavily as Watergate closed in on him. You may not have read about the time he told a dinner party at the White House, "I could leave this room, and in 25 minutes, 70 million people would be dead." (Try that line out at one of your dinner parties. I've always found it a good conversation starter.)
Anyway, back down there in your launch capsule you might allow yourself to wonder: "This launch order, is this for real or for Nixon's indigestion?"
And the US military gets rid of people who are think a bit more about starting WW3.
Russian military seems a bit different:
http://phenomena.nationalgeographic.com/2016/03/25/you-and-almost-everyone-you-know-owe-your-life-to-this-man/ [nationalgeographic.com]
https://en.wikipedia.org/wiki/Stanislav_Petrov [wikipedia.org]
So maybe the USA are really the bad guys after all. The Russians and Chinese are just mostly defending themselves. ;)