5 ms·
Not that they are doing badly, but to some degree they don't have to perform well to be successful. Their primary goal is to transform a currently-limitless str
by URSpider94 9y ago
Not that they are doing badly, but to some degree they don't have to perform well to be successful. Their primary goal is to transform a currently-limitless stream of oil money into a sustainable source of wealth and income when the spigot turns off in a generation or two.
Same for China overseas investments, it's a way to turn RMB-denominated cash into hard assets in democratic countries with stable political environments. Value-for-money comes second.
- charlesdm 9y agoThis is true. I had a friend, who pretty much built a shovelware game, talk a chinese publisher into doing a deal. He banked $200k. I don't even get how that deal even could be made. Hell, he didn't even understand it.
- L_Rahman 9y agoThe Chinese mobile gaming market is one of the hottest in the world right now. Tencent (the people who make WeChat) pull in USD $1BN each quarter just from games. There was and possibly still is a lot of dumb money in that space right now.