It looks like the French are onboard with China buying in to one of their biggest corporations, Ubisoft. Tencent, the CCP owned and run corporation, is going to be allowed to invest $297 million, which buys a lot of influence over a creator serving a world market.
China Invests in Ubisoft
“We are excited to expand our engagement with the founders, the Guillemot family, as Ubisoft continues to develop immersive game experiences, and to bring some of Ubisoft’s most well-known AAA franchises to mobile,” Lau said in a news release. “This agreement also aligns with our philosophy to invest alongside creative founders with full confidence that they will lead their companies to new heights.”