Apparently it's latest thing to threaten US security
Donald (I am immortal) Trump’s management team is exploring restrictions on billionaire Jack Ma's Ant Group as well as Tencent claiming that its digital payment platforms threaten US national security.
Market cap of leading video game companies jumped by $354.5 billion this year
As an industry custom built for people to stay indoors, the global video games market has boomed in the last few months, bringing huge profits for the leading gaming companies and their shareholders.
Red clouds at night
Chinese tech giant Tencent will invest $70 billion over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity.
But warns of normality hitting soon
Tencent benefitted from the lockdowns in China, when bored people entertained themselves even more than usual with online games. But analysts – and Tencent itself – cautioned that a lot of the pandemic-driven gaming boost can’t carry forward as people have returned to work after China lifted most lockdowns.
Trade war might backfire
The US might have inadvertently sown the seeds of its technological destruction by pulling the tail of the Chinese tiger.