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Profit is definitely their primary motivation.

Chinese companies are a bit nationalist, and they definitely have some internal actors from the CCP there for purposes of oversight, and in a pinch can very easily have their arms twisted - but - they are just companies wanting to make money really.

Tencent is just Tencent. They will follow internal censorship laws, but it's likely just a matter of moderation much the way FB does it, but with different parameters, and taking some direction from the state. My guess is that for the most part Chinese companies are fine with it. For products they control outside the country my estimation is that it's censored in a completely different way, much more liberally, but some things might get scrubbed.

Of course investing in a company is different than owning it (i.e. >50%) and it's very different if it's based in China vs. a European company.

China has huge trade surplus. What this means, is that we send them USD/EUR for 'stuff'.

Eventually, they have to use those USD/EUR for 'something'. What are they going to buy? Well - stocks, real estate, companies etc..

It's actually rational for EU/USD to sell them things at hugely inflated price tags, it's a nice way to bring the cash back in on good terms.

If they are cash-flush, then they might just be looking to protect their money as much as anything.

In most cases, it's unlikely that having a Chinese investor will make a huge difference in terms of anything happening out of China. It's unlikely the could or would make censorship demands on anything happening outside of China, that said, if they gain control, it's a bit of a different story.



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