... no one said anything negative towards the Chinese people, they just expressed concerns towards Tencent being an arm of the Chinese government.
China isn't a democracy, so when powerful Chinese companies that have to operate in China start buying large chunks of non-Chinese companies, people are going to be a bit anxious. that's not sinophobia. This reminds me of the current "russiaphobia" that is going around.
Let's not bring communism or race into this. The issue is that Tencent is a big corporation that is also arm of an *Authoritarian (possibly approaching totalitarian?)* government. Either of those issues would be bad enough alone (owned by big corporation = not indie & pure-profit motives will inevitably stifle creativity and fun; owned by an authoritarian government = possible censorship or forced content), and both together is obviously worse.
^Agreed.