I’m the controlling shareholder in Epic Games, and have been since 1991. We have a number of outside investors now. Tencent is the largest. All of Epic’s investors our friends and partners. None can dictate decisions to Epic. None have access to Epic customer data.
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Tencent is a Chinese company founded in 1998. CEO Pony Ma and the other co-founders played a lot of Unreal Tournament back then, and visited Epic in the early 2000’s. In 2012 Epic was looking to move to online games, and we invited Tencent in as an investor to help us.
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I’ve never regretted it, and the recent anti-China rage doesn’t change that even slightly, as its completely unfounded. Epic has only had positive interactions with Tencent at all levels.
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All of Epic’s big decisions are made here in the USA and as CEO I’m 100% responsible for them. I’m grateful for everyone who has spoken in support. I also read and respectfully consider all dissenting arguments of fact and principle. Just please keep it real.
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Replying to @TimSweeneyEpic
The Epic Store (per EULA) reserves the right to share and distribute user data with Tencent. Tencent, in turn, reserves the right to share and distribute it's user data as it sees fit. They express that right by selling said information to the Chinese government.
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Replying to @James57613721
Tencent has no access to customer data. The Terms of Service references data shared between Epic’s wholly owned international subsidiaries (which exist to process purchases and pay tax around the world). Tencent is an investor only and is not covered by that language.
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Replying to @TimSweeneyEpic
Actually, it is perfectly covered in that language, Tim. Here is an example - one from Epic's privacy EULA and one from your own 'mouth.'pic.twitter.com/u5Axctr4a1
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Replying to @James57613721
See the definition of “family of companies” in the Terms of Service. It includes only Epic’s wholly owned subsidiaries. Tencent is an investor and is not a wholly owned subsidiary.
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Replying to @TimSweeneyEpic
"Advertisers and other marketting partners." A roll which Tencent fulfills for Epic in it's Asian market, per admission of your own mouth, Tim.
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Replying to @James57613721 @TimSweeneyEpic
As a side note, Tencent also maintains at least two representatives on Epic's board of directors - who most certainly have access to user data and marketing trends (befitting the station of a board director).
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Investors have access to Epic’s financial statements. For an example what’s in a company’s financial statement, look up EA’s financial statement online (it’s publicly available). Investors do not have access to Epic customer data.
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