$TENCENT (00700.HK)$
The United States has initiated a security review of Tencent's $1.3 billion acquisition deal for Sumo.
According to Reuters, the US National Security Council is investigating Tencent's acquisition of the UK gaming company Sumo Group to ensure it does not harm US national security. Sumo, which has studios in the US and four other countries, stated that Tencent has agreed to provide relevant documents to obtain CFIUS approval. Tencent announced in July that it would increase its shareholding in Sumo Group. Sumo stated that they are in contact with CFIUS to obtain approval by the end of this year.
As the world's largest video game company, Tencent has been controversial for many years, but its influence remains unabated. Tencent already owns 8.75% of Sumo and holds significant stakes in many Western game publishers, such as Riot Games with League of Legends, Supercell with Clash of Clans, and Epic Games with Fortnite. Tencent even holds a 5% stake in Activision Blizzard.

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I feel that although $Alibaba (BABA.US)$ is still a giant in the Chinese industry, it is now also facing a lot of challenges.As consumer behavior shifts from targeted product searches to browsing and interaction, competitors are exploring the area and trying to get a foothold in the market dominated by Jack Ma's Ali Baba.
According to a Wall Street Journal report, Ali Baba's share of China's retail e-commerce market has fallen to a projected 51% in 2021 from 78% in 2015. A shift in the consumer shopping format moving from search to browsing has worked against Alibaba.
However, many Chinese consumers still go directly to Alibaba's Taobao or Tmall to look for products; others have been pulled into purchases while interacting digitally or consuming online content. $PDD Holdings (PDD.US)$ $JD.com (JD.US)$