James Mitchell, a senior executive, said the United States accounts for less than 2% of global revenue. US-based players spend a lot of money in PUBG - it ranked 10th in the United States by consumer spend last year, according to analytics company App Annie.īut Tencent sought to reassure investors that the company makes very little money in the United States. It has published several popular mobile and video games, such as PlayerUnknown’s Battlegrounds, or PUBG. Tencent is the world’s largest gaming company by revenue. “We are in the process of seeking further clarification,” he added. “Based on our initial reading and subsequent press reports, the executive order is focused on WeChat in the United States and not our other businesses in the United States,” said Tencent chief financial officer Shek Hon Lo.
But the company suggested that business is safe. Industry analysts are concerned that Trump’s executive order could hit the company’s online games operations in the United States. The company does not break down those users by app, but analysts say the vast majority are on Weixin in China. WeChat and Weixin have more than 1.2 billion monthly active users, according to Tencent “Weixin is a chat to serve the users in the mainland of China, while WeChat is a sister product which serves users outside of the mainland of China.”
“They are two different products,” said chairman and CEO Ma Huateng, also known as Pony Ma.
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