this post was submitted on 28 Sep 2023
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To be clear, he can't "lose" shares to them. He might willingly sell shares to them (although that's unlikely as he's shown no indication of giving anyone else control over the company thus far), but it's a private company - the shares aren't just out there for Tencent to buy up and force a takeover.
I think more likely is he’ll end up giving them 40% of the profits for nothing in return… and so have to lay people off despite turning a profit…