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Gaming and Social Media in China is slightly different given how significant western capital was in the sector in the 2000s and 2010s compared to other portions
by alephnerd 9mo ago
Gaming and Social Media in China is slightly different given how significant western capital was in the sector in the 2000s and 2010s compared to other portions of the Chinese tech industry.
For example, the whole ByteDance/TikTok imbroligo is due to Susquehanna trying to exit it's Chinese investments which are locked within China.
During the 2019-23 period, boards in startups that had Western investors increasingly demanded that either Chinese investors buy them out or that they shift domicile so an alternative path to exit could be found.