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Aug 12, 2020 07:38 pm · TechCrunch

ByteDance in Talks with Reliance's for Investment in India

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Aug 12, 2020 11:18 am · Tencent Official Website

Tencent's WeChat Monthly Active User Hit 1.21 Billion

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Aug 11, 2020 09:49 pm · PR Newswire

Sogou Retains Duff & Phelps to Review Tencent's Takeover Offer

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Aug 11, 2020 09:34 pm · Economic Times

TikTok's Parent Company ByteDance Halts Hiring in India

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Aug 11, 2020 09:29 pm · Windows Central

Microsoft Employee: Buying TikTok Isn't a Right Thing

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Aug 11, 2020 06:18 pm · SINA

Tencent Has Become Huya's Largest Shareholder

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Aug 11, 2020 05:45 pm · SINA

Sources Said iQIYI to Go Public in Hong Kong

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Aug 11, 2020 12:16 pm · East Money

Tencent Renews Agreements with China Literature Limited

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Aug 11, 2020 12:00 pm · Huya Official Website

Tencent Backed Game Streaming Huya Reports Net Profit Up 86%

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Aug 10, 2020 09:03 pm · PR Newswire

NetEase Music and Universal Music Enter into Licensing Agreement

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Aug 10, 2020 08:55 pm · the paper

DouYu is Exploring Plans with Tencent about Merger with Huya

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Aug 10, 2020 08:44 pm · Tencent Music Official Website

Tencent Music Beats Revenue Estimation on User Subscription

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Aug 10, 2020 06:12 pm · JOYY Official Website

JOYY to Transfer 30 Mn Huya Shares to Tencent

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Aug 10, 2020 11:43 am · DouYu Official Website

Douyu and Huya Receive Receipt of Preliminary Non-Binding Proposal from Tencent

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Aug 10, 2020 11:32 am · DouYu Official Website

Tencent Backed DouYu Reports Solid Earnings in 2Q 2020

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Aug 10, 2020 11:04 am · Tencent Official Website

Tencent Takes Steps Toward Animation IP

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Aug 7, 2020 03:49 pm ·

Tencent Ecosystem Member WeiMob's Stock Experiences Roller Coaster Ride

After United States President Donald Trump signed the executive order of banning the China-based social media platform WeChat, the stock of the owner of the platform, Tencent (00700:HK), responded instantaneously with HKD 30 billion losses and is only slowing climbing back. Previously recommended with a buy by EqualOcean, the stock price of Weimob (02013:HKEX), the Chinese echo to Shopify (SHOP:NYSE), slumped 10% after the market opened with the WeChat banning order. Weimob being a WeChat ecosystem member company, its market performance was inevitably affected by the blow to Tencent. At the time of publication, Hang Seng Tech Index had dropped over 3% for the day. WeChat has over 1,100 million users worldwide but most of them are located in China. The instant message app is also a mega app that integrated functions like moment sharing, video chat, in-app games, e-marketplaces, e-payment, and so on. As a social media platform, WeChat creates an ecosystem for users and developers. The banning order’s influence on Tencent’s operation can be contained, as its biggest market is still China. From Huawei, TikTok to WeChat, the US leader has been widening his 'China Tech Attack.' Banning orders have come one after another – for many commentators, these were issued without solid evidence to support them. The uncertain geopolitical maneuvers rocked the tech market. Hong Kong tech shares started low following the recent news and are now fluctuating and slowly rising on a small slope.

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Aug 7, 2020 09:51 am · Los Angeles Times

Trump's Tencent Ban Won't Affect Game Business

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