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: Amazing: The JSE is now up for the year 2020South African markets have experienced one of the biggest crashes, and quickest recoveries in history, over the span of just eight months. Amazingly, like many other stock markets around the world, the JSE All-Share Index is now higher than it was at the start of the year despite what may be the biggest economic calamity in a generation. What is going on?
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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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