Tencent and Huya are Exposed to the US market
According to Morgan Stanly’s Research, US revenue exposures for Chinese internet and software stocks. Among the top seven firms, most of them are from media and entertainment groups.As the firm ranked in the fourth position, Tencent is about 6% exposed to the US market, and occupying 2% revenues. Regarding Huya, there is a 4% exposure from the US market.
Trump Plans to Block WeChat and TikTok Downloads on Sunday
The Commerce Department plans to restrict access to TikTok and WeChat on Sunday as the Trump administration's executive orders against the two apps are set to take effect, according to CNN business.
The Department said Friday that, as of Sunday, any moves to distribute or maintain WeChat or TikTok on an app store will be prohibited. While users who have already downloaded the apps may be able to continue using the software, the restrictions mean updated versions of the apps cannot be downloaded.
The restrictions targeting WeChat are more extensive. Beginning Sunday, it will be illegal to host or transfer internet traffic associated with WeChat.
WeChat, one of the world's most popular social messaging apps, is owned by the Chinese Internet giant Tencent. And it is a popular marketing and sales tool for the United States companies, primarily in China. TikTok's parent company is Beijing-based ByteDance.
The department's move is the enforcement of Trump's original executive order from Aug 6 that gave TikTok 45 days to sell its US business to an American company or face a ban in that country. But the announcement also lays out a different time frame specific to TikTok, giving it until Nov 12 to resolve the US national security concerns.
The deadline set for the TikTok deal is a Sunday, Nov 12, leaving time for TikTok and Oracle to hammer out a deal that can be approved by Trump and the Chinese government.
WeChat Responses of No Consensus Reached After Discussions with the US
Tencent Sports and Premier League Reached Exclusive Broadcast Agreement
Tencent Registers Trademarks for WeChat's Children Version
CVERC: Tencent's Game For Peace, Speed Up Broke Internet Security Law
WeChat’s Health Mini Program Has Access to Healthcare Reimbursement
Tencent Joins Douyu to Develop and Apply "Live Streaming + Cloud Games"
WeChat Mini Program Daily Active Users Exceeds 400 Mn
WeChat Launches New Information Search Function
India Bans 118 Mobile Apps from China
Tencent Music Attends the WIPO Conference as the Only Representative of Chinese Enterprises
TikTok Opposes the US Decision to Continue Processing Trump's Exclusive Order
Bilibili Successfully Launches Video Satellite
TikTok China's Rival Kuaishou Prepares for Hong Kong IPO
Meituan Bike Joins Bilibili to Launch 'Bullet Screen Bike' in Universities
music.163 Cooperates with Ele.me
iQIYI Sports Cooperates with FC Barcelona
XinChao Wins the 'Top 500 Asian Brands'
Finance, consumer and retail
EqualOcean is an international information service provider and investment research firm that aims to become a global platform for industrial innovation.
We strive to make technology inclusive, accessible and transparent.
Join over 70,000 of your peers
9 Xiaguangli, 10F Block A CEC Development Mansion, Chaoyang Dc, Beijing 100125, China
A002, 5F, Ai Tower, 701 Yunjin Road, Xuhui Dc, Shanghai 200232, China
800 Third Ave, 28F, New York, NY 10022, USA
Interviews with analysts
Products & prices
Customers & evaluation
Copyright ©2020 EqualOcean.com. All rights reserved.