Tencent posts 37 per cent quarterly profit increase on back of games as US WeChat ban looms

//Tencent posts 37 per cent quarterly profit increase on back of games as US WeChat ban looms

Tencent posts 37 per cent quarterly profit increase on back of games as US WeChat ban looms

Internet giant Tencent Holdings is seeking clarification on the Trump administration’s recent action against WeChat, as speculation swirls over its impact on the company’s operations and investments in the US.“Based on our initial reading and subsequent press reports, that executive order is focused on WeChat in the United States, and not our other businesses in the US,” said John Lo, Tencent’s chief financial officer, in a conference call on Wednesday after the company posted a 37 per cent…

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By | 2020-08-12T09:39:19+00:00 August 12th, 2020|Technology|Comments Off on Tencent posts 37 per cent quarterly profit increase on back of games as US WeChat ban looms