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Title: “I have watched China slowly take over as the dominant investing force in gaming and movies over the years
Source: [None]
URL Source: https://www.investmentwatchblog.com ... money-dictates-our-american-v/
Published: Oct 12, 2019
Author: staff
Post Date: 2019-10-12 12:26:46 by Horse
Keywords: None
Views: 43

…we are in a situation where unlimited Communist money dictates our American values. We censor our games for China, we censor our movies for China.”

“This hurts. But until Blizzard reverses their decision on @blitzchungHS I am giving up playing Classic WoW, which I helped make and helped convince Blizzard to relaunch. There will be no Mark of Kern guild after all.

Let me explain why I am #BoycottBlizzard.

I am ethnically Chinese. I was born in Taiwan and I lived in Hong Kong for a time. I have done buisiness with China for many years, with serveral gaming companies there.

So I think I have a valid perspective here, having been a Team Lead at Blizzard and having grown up in Asia. I have watched China slowly take over as the dominant investing force in gaming and movies over the years. It’s a shame US companies never believed as strongly as China and Asia in investing in games, but this allowed China to have unprecedented influence over our media.

Chinese game companies have grown huge not just because of market size, but because the government subsidizes them. They get free land, free offices, and huge infusions of cash.

This cash was and is used to do expand and buy up stakes in US gaming companies. I’ve seen firsthand the corruption of Chinese gaming companies, and I was removed from a company I founded (after Blizzard) for refusing to take a 2 million dollar kickback bribe to take an investment from China. This is the first time I’ve ever spoken pubically about it.

I’ve also seen how American company reps in China have been offered similar bribes to get licenses for large AAA titles. Not everyone refused like I did.

Chinese companies tried to ruin my career with planted press stories. Money is often paid for favorable press in China and some of that money flows here to the US as well.

Unfortunately, money talks. China has succeeded in infiltrating all levels of tech, gaming and more. Unfortunately, US and European companies are loath to take risks and invest in game companies legally as much as China was. China remained one of the few places mid tier studios could get funding.

So again, China influence grew. I’m sure this is the same for movies as well. But now we are in a situation where unlimited Communist money dictates our American values. We censor our games for China, we censor our movies for China.

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