The White House announced Thursday that Mr. Trump signed an executive order banning business with Byte Dance and WeChat after 45 days, september 20. To the bewilderment of the market, the ban on WeChat specifically included Tencent Holdings and its subsidiaries in restricting transactions. As the situation unfolded, media outlets quickly quoted “U.S. officials” as saying that the WeChat ban only concerns WeChat itself and will not implicate Tencent in other deals.
(White House Executive Order Wording,Source:Supplied)
Ultimately, the White House is more cautious, not only because Of Tencent is bigger (still worth $640 billion after Friday’s plunge), but also because Tencent’s huge investment footprint makes it difficult for the White House to cut hands and has an unpredictable impact on the U.S. market and the U.S. population, especially young people.
Although Tencent has invested heavily in many areas, the gaming field remains Tencent’s closest business with U.S. industry leaders from an international perspective.
Simply put, Tencent owns 5% of Activision Blizzard and co-launched The Call of Duty Mobile Game, which has been downloaded 45 million times in the Us, according to Tower Sensor; took a stake in Hero League developer Fist in 2011 and bought all of its shares in 2015; bought a 40% stake in Fortnite developer Epic Games in 2012; and For the Jedi Developer Subi, the developer of Bluehole and Assassin’s Creed, owns 11.5 per cent and 5 per cent respectively;
In addition to gaming, Tencent bought a 5 percent stake in Tesla for $1.78 billion in 2017, when Musk affectionately referred to Tencent as Tesla’s “investor and adviser.” In the social media space, Tencent also bought a small stake in Snap and Reddit, the electronic bulletin board, in 2017 and 2019, respectively.
Tencent’s Tencent Music also has a small stake in audio streaming giant Spotify. On the last day of 2019, Tencent’s consortium bought a 10 per cent stake in Global Music under vivendi, while retaining the option of buying a further 10 per cent in January 2021 for the same price. While Vivendi is not a U.S.-listed company, Universal music has top stars such as Taylor Swift and Kanye West.
It is also important not to lose sight of ten more of ten, tenacity, chinese new economic concept company Tencent, which has emerged this year. According to incomplete statistics, Tencent’s direct shares in the star shares are beep, Sogou, Ping Duo Duo, tiger teeth, fishing, JD.com, Visin, NIO, FutoU Holdings and so on.