August 12, 2020

Tencent profits up as gamers stay home but WeChat ban looms

Hong Kong (AFP) – Chinese tech firm Tencent, the parent company of social media giant WeChat, said Wednesday its revenue jumped 28 percent in the first half of this year as the coronavirus pandemic kept people glued to their screens.But the better-than-expected results were clouded by upcoming restrictions on WeChat ordered in the United States by President Donald Trump at a time of spiralling tensions between Washington and Beijing.Trump has announced a ban from mid-September on WeChat and TikTok, which is owned by a separate Chinese company.The mobile apps “threaten the national security, fo…


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