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Many people. Tencent is one of the most active investors in the world. More than 450 investments under the companys umbrella and that is more than the number in softbanks universe and includes names like tesla, snap and epic. Thirdly, american businesses operating in china, like mcdonalds and starbucks, they rely on the wechat app for their operations so being cut off could jeopardize their business there. There are so many questions still outstanding but its really hard to understate the importance the daily role of wechat for chinese internet users. Its called a superapp people use it for ev...

From its previous record high close on february 19th february 19th, that seems like so long ago. What a different world that was back then. We want to fire up the fast money time machine for a trip back there to february 19th. Look at that, our traders there on set all together at the Nasdaq Market site that was fun you might be thinking to yours this is some oldtimey footage of people dining together at a restaurant that was february 19th theyre all sitting inside a restaurant can you imagine that they can out the theater goers waiting to see a broadway show while were at it, there was also a...

Tech takedown. President trump signing an executive order effectively banning tiktok from operating here in the u. S. The order goes into effect in 45 days unless those apps are sold by their Chinese Companies 35 billion off wechat overnight in hong kong this is a nearly 700 billion company. Perhaps more surprising that its been able to fly under the radar for so long. A ban could get very messy because tencent is far more intertwined with American Business than tiktok theres the sheer scale of tence tencent. Fallout could touch sports to. Tencurre tencent has a deal with the nba to stream gam...

In the house on impeachment itself which is expected next week. And american stocks have been given a boost after the us and china struck a preliminary trade agreement, easing tensions between the worlds two biggest economies. Now on bbc news, click. This week tiktoks troubled, wechats winning, and can robots high five . High five no, maybe not. Theme music Silicon Valley the home of google, facebook, twitter and all those other big social Media Companies that dominate our lives. World changing in their day, but more recently its all getting a bit samey, dont you think . Some say social media ...

This week tiktoks troubled, wechats winning, and can robots high five . High five no, maybe not. Theme music. Silicon valley the home of google, facebook, twitter and all those other big social Media Companies that dominate our lives. World changing in their day, but more recently its all getting a bit samey, dont you think . Some say social media Silicon Valley style has stopped innovating. But new rival companies are emerging that are starting to shake things up, and theyre coming from china. Tiktok is the 15 second looping video app thats captured the hearts of teenagers across the world. A...