Yup, I'm not going to take the strawman bait of "any criticism of China = sinophobia." That's just straightup B.S.

My concern is Tencent attempting to exert content censorship and/or manipulation. Recently, we had the example of Tencent having a minority financial stake in Paramount's new Top Gun movie. They used that stake to demand, based on their government's demands, that Paramount remove the flags of Japan and Taiwan from Maverick's iconic flight jacket. Initially, Paramount caved and agreed to the censorship. But word leaked out and there was a huge public backlash. Then Paramount reversed itself and rejected Tencent's demands. So Tencent withdrew its financial investment in the movie.

In this instance, eventually, things worked out exactly as they should have. But this sort of thing worries me greatly.