Tencent Reports Incredible Q2 Earnings Despite Trump’s Ban on Its WeChat App
By
Darya Rudz
Tencent has reported its Q2 earnings, but this fastest revenue-growing quarter in over a year will not outshine prohibiting order for WeChat.
The biggest social network in China registered a 22% increase in its revenues in the fourth quarter of 2015, showing an impressive growth pace.
Tencent has reported its Q2 earnings, but this fastest revenue-growing quarter in over a year will not outshine prohibiting order for WeChat.
Tencent Holdings Ltd. shares dropped around 5% during the London trading session, following an executive order issued by President Trump banning US transactions with WeChat and TikTok in the next 45 days.
The biggest social network in China registered a 22% increase in its revenues in the fourth quarter of 2015, showing an impressive growth pace.