Analyst predicts the US ban won’t have much effect on Tencent
Posted On August 10, 2020
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The executive order by Donald Trump’s administration which prohibits business advertising and individual transactions on WeChat within the US jurisdiction, is estimated to have ‘little impact’ on Tencent, the company behind the super messaging app in China, according to a securities analyst based in Shenzhen. For the whole year of 2019, the American market only makes up 0.4% of Tencent’s non-gaming revenue, which is considered nominal compared to its massiveness in China.