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Will Forced Sale of Major U.S. Gaming Assets Hurt Tencent?

We don't think so

25 August, 2020 | 23:48

Tencent

Given the escalation of the Sino-American technology war, we think the Trump administration's expansion of its ban to include not just the WeChat U.S. app but also Tencent's apps in the U.S. is the most probable scenario, which could affect up to 2% of Tencent's revenue. The next most likely option is to forbid Apple and Alphabet from offering downloads and updates of WeChat in their global app stores, excluding China. This could affect up to 5% of Tencent's revenue, in our view.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Tencent Holdings Ltd72.90 USD1.04

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