Here's how the company is expected to do based on Refinitiv consensus estimates from analysts:112.72 billion yuan . That would be a 26.9% year-on-year rise, the fastest growth since the fourth quarter of 2018.Analysts at China Merchants Securities expect Tencent to pull in 41.6 billion yuan in online game revenue.
as people turned to its mobile titles while stuck at home during coronavirus lockdowns in China and elsewhere. Tencent warned then that it expected in-game consumption to normalize going forward.WeChat ban looms Last week, Trump issued an executive order banning U.S. transactions related to WeChat. The scope of that ruling is unclear as of now.However, analysts don't think Washington's move will have a major impact on Tencent.
"WeChat itself has immaterial business and financial exposure to the US," analysts at China Renaissance said in a recent note. "We estimate Tencent's current revenue exposure to the US is less than 3%, with earnings exposure less than 5%," the analysts said.
I like FortniteGame ~ I am not sure how a ban on Tencent (China) will affect EpicGames (USA)? Perhaps not much as Tencent only owns 40% of Epic Games. My skin Stoney the Sailor is a Product of USA ~ so maybe Epic Games will be forced to start paying me instead of China? 🤑
I like FortniteGame ~ I am not sure how a ban on Tencent (China) will affect EpicGames (USA)? Perhaps not much as Tencent only owns 40% of Epic Games. My Skin Stoney the Sailor is a Product of USA ~ so maybe Epic Games will be forced to start paying me instead of China? 🤑
Good
BAN BAN BAN...Believe or not 8 families are involved in China Tech Co thru funds & investments these 8 family members are 2nd, 3rd GEN descendants of PRC founding fathers. realDonaldTrump SecPompeo SenSchumer JoeBiden thehill WSJ nytimes cnni CBSNews Reuters business
If Tencent WeChat and Alipay are used globally, the US dollar or other currencies including tax evasion rates will definitely be deleted, because the exchange rate and security system of banks in each country/region are different, but the RMB can be used globally, A strong China
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