Don’t panic — this isn’t Tencent’s first tie-up with a state-owned firm

News on Tencent and China Unicom caused a stir in China’s tech industry on Wednesday afternoon. The gaming and social networking behemoth and the state-owned carrier have received regulatory approval to set up a joint venture, according to a government announcement.
Following the transaction, Tencent and China Unicom will respectively own 42% and 47% of the firm.
The development has led to concerns over even greater government influence on China’s Big Tech. Some netizens went as far as speculating Tencent will eventually be de-privatized. This reaction is expected given China has b

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