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People visit Tencent's booth at the World 5G Exhibition in Beijing on Nov. 22, 2019. The Chinese internet giant is complying with Chinese leader Xi Jinping’s edict to redistribute the wealth in China. It is the largest holding in BMO’s Chinese ESG-focused ETF. Jason Lee/Reuters
While many are rightfully concerned about the growing influence of video-based social media platform TikTok and the Chinese government’s ability to harvest incredible amounts of user data from it, China’s largest social media and video game studio, Tencent, has quietly been acquiring a commanding stake in the most popular video game companies around the world, and no one has seemed to notice.
