They only feel it would be dangerous because they have the capital to drain talents to do experimental things while not care about the fall outs of closing subsidiaries or abandoning projects. It could also drive up developer cost and make the business more risky.(IMO, the developers are getting paid in peanuts compare to what the big publishers made. Even after considering flopped projects.)

The danger lies in once people get used to the new payscale, if big capital consider it’s not that profitable, then the better talents may not keep staying or heading toward this industry. Also less loan/venture awarded to companies doing projects not passing the “market research” phase.

Yes, and lastly Tencents also don’t like competitions bidding their potential acquisition targets.