Business Maverick: Tencent Plays Down WeChat Ban After Results Beat Estimates

off the company’s market value after it was announced last week. Executives said several times they were still figuring out how the order would be applied.

The expectation has been that Trump’s order would result in WeChat getting pulled from Apple and Google’s app stores, where the vast majority of smartphone owners get their applications. That would mean suspending updates or even blacking out a service vital to communications on the factory floor, in households and the boardroom. Apple Inc.

China’s biggest social media company has benefited from an internet resurgence during the coronavirus pandemic. It won approval from Beijing to earn money from Call of Duty Mobile, the smartphone version of a long-running franchise that will underpin its gaming business, and has charted a line-up of new titles for 2020 to shore up resilient franchises Peacekeeper Elite and Honor of Kings.

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Business Maverick: Carl Icahn Scores $1.3 Billion Windfall on Bet Against Shopping MallsInvestor Carl Icahn’s bet on the downfall of brick-and-mortar retailers produced a $1.3-billion gain during the first half of the year.
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