And by the way do you know who is the majority owner of Tencent? Naspers, a South African media company.
Naspers does not own a majority position in Tencent. They own closer to ~31% of the company. A large position, however that means very little given it's a Chinese juggernaut (see: Yahoo vs China in the Alibaba & Alipay spats).
https://www.investopedia.com/news/nasper-set-earn-10b-tencen...
Edit: and looks like OP edited their comment to clarify.
One doesn't get such concessions in China for just nothing.
> In February 2019, Chinese company Tencent invested $150 million into Reddit as part of its Series D.
"Reddit gets a $150 million investment from Tencent and users are posting memes to mock the deal"
The propaganda ministry razed the media landscape to the ground over the last 5 years. Even completely apolitical companies like publishers of professional literature, science textbooks, photo journals, and children books got a boot.
The state has also been said to forcefully breaking up big media groups, denying mergers in between ad/pr/media companies.
Seeing Condenast thriving in China, knowing how things there are now, is very suspicious.
Advance publications is also having huge exposure to China through Condenast's business in China