40 Burst results for "Tencent"
Fresh update on "tencent" discussed on Bloomberg Daybreak Europe
"Day we have ten cents results for the first quarter The analysts call ongoing share prices down 3.4% this morning as revenue misses and net income misses too so that from Tencent This as stocks across Europe are down a tenth of 1% for U.S. stocks for 600 et cetera down a similar amount cat can't drop two tenths of 1% So not very bullish day really S&P 500 in the future is also dropping four tens of 1% NASDAQ down 7 tenths of 1% This after we had a mixed session over in Asia the comments on the vice premier Liu her didn't really do enough to boost markets in China although they wavered between losses and gains The big.
Fresh update on "tencent" discussed on Bloomberg Daybreak Europe
"Flash starting with those Chinese tech shares after we had those comments and vice premier luja signaling that Beijing was supported support platform companies shares have actually raised on Wall Street for those big Chinese tech names but the hang saying tech index today down just over 1.1% the overall hang down by about a third of a 1% we had seen those tech shares rally though towards the end of trading on Tuesday the Hangzhou tech index finishing up nearly 6% in trading we've got those results from Tencent due out later this morning After those hawkish comments from fed chair Jerome Powell the Central Bank would keep pushing until the inflation was coming down in a clear and convincing way the ten year yield down slightly at 2.979 if.
Fresh update on "tencent" discussed on Bloomberg Daybreak Europe
"And Beijing are currently in lockdown So that might have a negative impact to cloud projects implementations and offline transactions In Hong Kong thank you very much for that Those results from Tencent due out in just about three hours to over three hours time here That'll be the latest interesting insight into how Chinese tech companies are performing Yeah absolutely Coming up next I don't prepare a daybreak Europe So we're going to be talking about the future of finance here in the UK I mean the City of London ever adaptable but what about flexible working Can you really operate.
Fresh update on "tencent" discussed on Bloomberg Daybreak Asia
"So you see investors getting a little more aggressive there The ASX 200 is up 9 tenths of a percent And looking for probably some pretty good follow on performance in Hong Kong Even though we got very hawkish comments from Jerome Powell and Hong Kong is a particularly interest rate sensitive market but there's been a lot of momentum in tech lately The tech index yesterday was up 5.8% And the NASDAQ golden dragon index was up 5.2% today We had those comments from vice mirror Leo hub giving a show of support for digital platform companies who get ten cent earnings today Tencent was up more than 5% yesterday Alibaba up more than 7% Dug over to you Thanks Brian Well we did hear from fed chair Jay Powell today and he said the fed will hike interest rates until there's clear and convincing evidence of a drop in prices Read there inflation right Powell spoke earlier with The Wall Street Journal Inflation is coming down That's what we really need to see So we'll be watching for that If that involves moving past broadly understood levels of neutral we won't hesitate at all to do that We won't And honestly we'll just we will go until we feel like we're at a place where we can where we can say yes financial conditions are inappropriate place We see inflation coming down Now Powell went on to say the American economy is strong enough to withstand tighter monetary policy You'll remember of course earlier in the month when the fed raised interest rates by a half point 50 basis points Powell said today two similar moves will be on the table for those fed meetings in June and July Well we saw U.S. listed Chinese stocks rally the NASDAQ golden dragon China index rising more than 5% to its highest level in around two weeks The move coming after top Chinese officials reaffirmed support for Internet companies among them the vice premier Liu he After a symposium with executives Lewis said the government will support the development of ecommerce companies and their public listings and this sparked hope for an easing in the yearlong regulatory crackdown on China's tech sector But some analysts are cautious saying the positivity might not be sustainable If China does not soon recover from the COVID lockdowns We'll take a closer look at the markets today with our guest John Woods from Credit Suisse will do that after we update global news.
Fresh update on "tencent" discussed on Bloomberg Daybreak Asia
"Away from the open and a number of major markets around the region for a look at what to expect his brand Curtis Thanks very much Paul It was a very interesting day on Wall Street You had stocks regaining session highs and really powered into the close pretty solid here with the NASDAQ up 2.8% The S&P 500 up more than 2% Dow Jones Industrial Average with a gain of 1.34% And that came even with very hawkish comments from the fed chair Jerome Powell especially as you talked about higher interest rates Short term treasuries underperformed extending a flattening in the yield curve So one of the reasons that it seems like investors stuck with pushing stocks higher was that the data was pretty solid We had U.S. retail sales growing at a solid pace last month showing that consumers are still pretty resilient Sentiment is not that great but there's still out there spending and another report showed that factory production rose and also a pretty strong pace for a third month in April You put that together with the rally that we saw in Asia yesterday We had these comments coming from vice premier Liu hua in China an unusual kind of public support for digital platform companies and boy do they rally yesterday Tencent Alibaba were up well Tencent up 5.3% Alibaba up more than 7% that rally continued in the U.S. Alibaba up 6.4% The hang seng tech index during the regular session up 5.8% yesterday and that helped power up the hx C the NASDAQ golden dragon index up 5.2% So it was all pretty heady stuff It's only one day but anyway if you're a bull then you loved it today Dalien one 29 40 yield on the ten year treasure really did spike up there Ten basis points to 2.98% and WTI is clinging to the $114 level at one 1413 Doug to you All right Brian thanks Well let's begin with a hawkish comments from fed chair Jay Powell He said the fed will hike interest rates until it is clear and convincing and it sees clear and convincing signs that we're going to see less inflation Powell's spoke earlier with The Wall Street Journal Inflation is coming down That's what we really need to see So we'll be watching for that If that involves moving past broadly understood levels of neutral we won't hesitate at all to do that We won't And honestly we will go until we feel like we're at a place where we can where we can say yes financial conditions are inappropriate place We see inflation coming down Powell went on to say the American economy is strong enough to withstand tighter monetary policy Of course you'll remember earlier this month the fed did raise its fed funds rate by a half point Powell went on to say today that two similar moves will also be on the table at meetings in June and July A U.S. listed Chinese tech stocks rally the NASDAQ golden dragon China index rose more than 5% to its highest level in about two weeks The move came after top Chinese officials reaffirmed support for Internet companies among them vice premier Liu he After a symposium with tech executives said the government will support the development of ecommerce companies and their public listings and the sparked hope for an easing in the yearlong regulatory crackdown on China's tech sector Some analysts though remaining cautious saying the positivity might not be sustainable if China doesn't soon recover from the COVID lockdowns 5 minutes past the hour now as we update global news in the U.S. today we have primary elections in Pennsylvania North Carolina and elsewhere also today some troubling new information on the black box from that deadly China eastern crash.
"tencent" Discussed on The Business of Esports
"Shutting down their video game streaming platform penguin eSports, it says citing a change in business strategy, and this comes months after Chinese regulators shut down the merger between huya and douyu, which are two live streaming platforms that Tencent basically owns. And the merger would have made ten cent a major player in video game live streaming. As it looked to create an equivalent of Amazon's Twitch. So while you have a land here, though you merger never happened, that got blocked. And now ten cents sort of other live streaming platform, penguin eSports, they're shutting that down completely. What do you guys make of this? Do you have any thoughts on why Tencent might have shut this down? Is it more of a focus on the other two? And does the sort of the rejection of the merger between the other two change any of the math for you here? Well, they also have trovo as well, which isn't mentioned here, right? Which is more North American focused, I think, right? Gotcha. I was wondering what the difference was, why it wasn't listed here, because we've had the opportunity to meet with Tencent to learn a little bit more about their growth strategy and how they go about launching these companies or vetting them and investing in them. And one thing that I'm always impressed by is it's not just a combination of team of market fit of need. There's similar to the Middle East and conversations we've had in that region. There is a sophisticated 5 to ten year plan of attack with a lot of these investments in companies. I don't think that's that uncommon right to want to know where this company's growth trajectory is headed. But Tencent very tailored in their steps here. So when they shut down a company like this, well, if they have other properties that are potentially in competition, and one of them is not showing the return that they expected, it's definitely safe to assume I think that they're just refocusing that effort and what's already working. I don't know whether they would spend money to compete against themselves, but they made investments in competing platforms. I guess, does anyone think there was a master plan to put call it all four of these platforms together or at least all three of them? And now that that hasn't happened, we may see them shut them down one by one until there's only one left. Because we all know scale matters, right? Like scale matters with platforms like this, you need millions of eyeballs for the platform to be valuable to the creators,.
"tencent" Discussed on Bloomberg Radio New York
"Look ahead of the top stories for investors in the coming week COVID cases have been surging in China and that could have a big impact on results from China's Tencent For more on the challenges at the gaming and social media giant let's go to Bloomberg daybreak Asia host Brian Curtis and Doug Krishna Brian John for most of the past few years Tencent has managed to stay out of the crosshairs of China's regulators But it may be more difficult now Reports have emerged that regulators are investigating whether ten cents WeChat pay enabled money laundering And in the coming week we may learn a lot more Tencent will report its latest earnings and the company is expected to deliver its slowest revenue growth since Tencent went public back in 2004 and analysts are saying these results are not likely to assuage investor concerns at least in the near term Joining us for some insights here is jumping Huang who covers ten cent and other tech companies for Bloomberg news So first jumping what's the main cause of the revenue slowdown Right Actually there are a lot of macro issues in play like trendlines economy is definitely becoming weaker because of the COVID resurgence and there are a lot of punishment lockdowns That will have a major impact on Tencent's advertising business which actually is expected to contract for the first time on record when tension report December numbers next week And another major reason is on the gaming front which is Tencent's most lucrative business So China has freed any new game releases for 7 months by now And during the freeze it's also working on a lot of new restrictions and limits on how miners can spend money and play on games So that will definitely have an impact on a lot of Tencent properties like on of kings and the peacekeeper elite So if the company is aware Jinping that it has difficulty on the gaming front I'm curious as to whether or not it's trying to compensate Let's say in areas like FinTech or a cloud business Yeah you're right So for Tencent advertisement and gaming will be weak So it has been spending more resources and money into think hack and the cloud business So that combined your network project to post double digit growth for the December quarter which actually will be ten cents fastest growth engine But even on that one there are regulatory hurdles as you mentioned earlier which have pay is at the center of Tencent sphincter business but that app may be under some government investigation around the money laundry according to a Wall Street Journal report And the Alibaba syntax spin off is working to establish a financial holding company So the government can regulate it more like a bank So Tencent will be subject to similar requirements It will be a difficult task to separate WeChat pay from the main witch hat app We had some comments in the past week from China's top financial policy committee led by vice premier Liu huh And this was promising because it seemed to suggest that in addition to providing stability to markets through the capital markets that there would also be a push to wrap up the tech crackdown as soon as possible What are you hearing on that front You can read it both ways actually Also mentioned he will promote the steady and healthy development of the platform economy which basically means big Internet platforms like mate one and Alibaba and Tencent So he's come and actually helped calm the market for law because before Wednesday we see a huge market meltdown because of all the macro and geopolitical concerns But at least for now the comment is more like reassuring sign for the investors So in the past Tencent the investment arm of the company we know has bankrolled expansions for companies like michonne and the ride hailing platform DD Do you think that the company ten cent I'm speaking of here is going to continue to move forward and making investments in smaller tech startups But that would be difficult as well because we've seen in the past few months investment or has at least been less public in the recent months about their deal making That's because president Xi Jinping's government has been wary of what they call the expansion of capital That's why the investment arms are big firms like Alibaba And Tencent might get more scrutiny if they want to keep making big bets on the next generation of Chinese tech startups Jumping thanks so much for joining us for like a ten cent Jumping Huang who covers ten cent and other tech companies for Bloomberg news I'm Brian Curtis along with Doug prisoner You can catch us every weekday here for Bloomberg daybreak Asia beginning at 6 a.m. in Hong Kong and 6 p.m. on Wall Street John Thanks Ryan a Doug Just to hit on Bloomberg tape break weekend what the events unfolding.
"tencent" Discussed on Bloomberg Radio New York
"Look ahead of the top stories for investors in the coming week COVID cases have been surging in China and that could have a big impact on results from China's Tencent For more on the challenges at the gaming and social media giant let's go to Bloomberg daybreak Asia host Brian Curtis and Doug prisoner Brian John for most of the past few years Tencent has managed to stay out of the crosshairs of China's regulators But it may be more difficult now Reports have emerged that regulators are investigating whether Tencent's WeChat pay enabled money laundering And in the coming week we may learn a lot more Tencent will report its latest earnings and the company is expected to deliver its slowest revenue growth since Tencent went public back in 2004 and analysts are saying these results are not likely to assuage investor concerns at least in the near term Joining us for some insights here is jumping hwang who covers ten cent and other tech companies for Bloomberg news So first jumping what's the main cause of the revenue slowdown Right Actually there are a lot of macro issues in play like trendlines economy is definitely becoming weaker because of the COVID research and there are a lot of punishment lockdowns That will have a major impact on Tencent's advertising business which actually is expected to contract for the first time on record when Tencent report December numbers next week And another major reason is on the gaming front which is Tencent's most lucrative business So China has freed any new game releases for 7 months by now And during the freeze it's also working on a lot of new restrictions and limits on how miners can spend money and play on games So that will definitely have an impact on a lot of properties And the peacekeeper elite So if the company is aware JP that it has difficulty on the gaming front I'm curious as to whether or not it's trying to compensate Let's say in areas like FinTech or a cloud business Yeah you're right So for Tencent advertisement and gaming will be weak So it's it has been spending more resources and money into think hack and the cloud business So that combined new network project to post double digit growth for the December quarter which actually will be ten cents fastest growth engine But even on that one there are some regulatory hurdles As you mentioned earlier we have pay is at the center of Tencent sphincter business but that app may be under some government investigation around the money laundry according to a Wall Street Journal report And the Alibaba fintechs think of as working to establish a financial holding company So the government can regulate it more like a bank So Tencent will be subject to similar requirements It will be a difficult task to separate WeChat pay from the main WeChat app We had some comments in the past week from China's top financial policy committee led by vice premier at Leo huh And this was promising because it seemed to suggest that in addition to providing stability to markets to the capital markets that there would also be a push to wrap up the tech crackdown as soon as possible What are you hearing on that front You can read it both ways actually Also mentioned the keyword promote the steady and healthy development of the platform economy which basically means big Internet platforms like mate one Alibaba and Tencent So he's come and actually helped calm the market for long because before Wednesday we see a huge market meltdown because of all the macro and geopolitical concerns But at least for now the host comment is more like reassuring sign for the investors So in the past Tencent the investment arm of the company we know has bankrolled expansions for companies like Mitch one and the ride hailing platform DD Do you think that the company Tencent I'm speaking of here is going to continue to move forward and making investments in smaller tech startups But that would be difficult as well because we've seen in the past few months investment or has at least been less public in the recent months about their deal making That's because president Xi Jinping's government has been wary of what they call the expansion of capital That's why the investment arms are big firms like Alibaba And Tencent might get more scrutiny if they want to keep making big bets on the next generation of Chinese tech startups Jumping thanks so much for joining us for like a ten cent Jumping Huang who covers ten cent and other tech companies for Bloomberg news I'm Brian Curtis along with dunk prisoner You can catch us every weekday here for Bloomberg daybreak Asia beginning at 6 a.m. in Hong Kong and 6 p.m. on Wall Street John No thanks Ryan a Doug Just to hit on Bloomberg tape break weekend what the events unfolding in Ukraine.
"tencent" Discussed on Bloomberg Radio New York
"Early indicators for the open today Tencent we had The Wall Street Journal reporting earlier that it faced a record fine for violating Chinese anti money laundering regulations That from the PBOC In some other news we had a weaker fix from the PBOC on the yuan right now the CNH is on the weak side of 6 40 to the U.S. dollar Oil prices now $99 and ten cents a barrel So a huge drop in oil today the yield on the ten year treasury 2.13% And that is a look at markets And Baxter with headline news in San Francisco head All right thank you very much Brian China's now reporting out over 5100 new local COVID cases day to today China says it will conduct mandatory testing in Shenzhen province midst the lockdown that is going on there now and in Hong Kong chief executive Carrie lam says Hong Kong does not have the infrastructure to roll out a snap lockdown and roll out testing that has been done in Shenzhen U.S. wastewater network that monitors for COVID trans is warning that cases will once again rise in many parts of the United States Now this is coming out of Bloomberg data in conjunction with the CDC Talks between U.S. and China regarding Russia are characterized by the United States as substantial the U.S. has told China any interference with sanctions on Russia will be met with severe financial consequences and China's public stance is that the U.S. has been putting out some misleading information about it possibly helping Russia saying that it is not and that it is a peacekeeper in San Francisco I'm Ed Baxter This is Bloomberg All right guys back to you Paul All right thanks very much I guess for the hot thought is Helen cha she's great for great chief of creator China economist at Bank of America global research and we're talking about China's economy as we count down to the release of a whole lot of data at the top of the next hour In terms of that data we're getting industrial production We're expecting that to slow to 4% in February but as Shenzhen is in lockdown as there are restrictions and other Chinese cities in the price of commodities continue to rise could that just be the start could we see industrial production slowing even sharper from here Yes that's probably very likely I think the problem is that first of all we have a higher base of some a year ago so for gen fat but this data IP data is probably going to be weaker compared to December But then as you said the recent COVID related lockdowns and also various restrictions not only in Shenzhen and dongguan but also on your Shanghai and also in Shandong and jilin will potentially weigh on overall industrial activities So I think the risks are definitely tilting towards the downside going forward We were speculating or at least markets were speculating yesterday about a move on the part of the PBOC to reduce the medium term lending facility rate maybe as early as today if you look at what's happening in the currency we had a weaker than expected fix moments ago from the PBOC and I believe that the offshore currency is flirting with that 200 day moving average which has proved to be a key support level for the currency Right now we're trading about 6 spot four zero against the greenback What if we see much more weakness in the yuan What are the options for policymakers in China They're a good question In fact as we speak I think the MLS rates have just came out at 2.85 without change So unfortunately we think that the PBOC has missed another opportunity to cut the interest rate We would have the we would expect about ten basis points of reduction here which will lead to ultimately the one year LPR being lowered by ten basis points later on But missing this opportunity basically means that before the fed hikes I don't necessarily think that the would have another chance to raise anymore But it's not necessarily going to suggest that they would have the tilting towards the currency depreciation Through that I remember it was said to be a lower than market expected slightly Today but I don't necessarily think that this is all something that the PPO C wants the market to believe that while the capital market performance report now is to turn for currency to be weaker We think that they still need to The best of strategy is still to accelerate the pace of credit expansion and lower the funding cost onshore And how about fiscal stimulus do you expect to see anything more on that front Well that is a great question The national People's Congress just concluded last Friday And they seems to be suggesting that they are more options that they could potentially use funds from previous years and also various other means to basically inject to help with the liquidity for small and medium sized companies in particular There was not too much of mentioning of massive structural tax reduction But we think that the at the moment the focus is primarily to help it with the infrastructure investment and also support employment through our SMEs What do we hope to see is actually more help to the consumers through direct subsidies but so far there is no indication that they will do it Helen very quickly I can give you 20 seconds to address the concern you may have or Bank of America on the tension now between the U.S. and China as it involves Russia Are you watching this closely And what are your big concerns Very quickly Well we are working this very closely and we think that the wild is directed impact on China's third trade I mean it may not be very significant in the near term The worry that we have is that in one the indirect impact of inflation especially if we commodity prices and two a.
"tencent" Discussed on Kinda Funny Games Daily
"A press release set out today notes that turtle rock will become part of Tencent, though the studio will retain its independent operations in Lake Forest, California, with the existing team continuing to run all studio operations. The press release also confirms that the turtle rock cofounders Phil rob and Chris Ashton will continue to lead the studio following the acquisition. Quote, we are all looking forward to joining the Tencent family of studios, turtle rock studios president and general manager, Steve Goldstein, said in the press release. Quote, ten cents outstanding partners, global reach, deep knowledge of gaming and unprecedented support will help us create the kinds of ambitious games we dream of while allowing us to retain our autonomy and Independent Spirit end quote. Tencent picking up another studio comes as little surprise considering the gaming giant has acquired several other studios this year. In July, the company announced it was acquiring sumo group, the developer behind sack boy big adventure. In November, as reported by Bloomberg Tencent announced it had acquired wake up interactive. Janet, is this one that catches you by surprise at all? Vice versa no, because Tencent can acquire anything at any time. It feels like because, you know, as Taylor notes in the article, they've made plenty of acquisitions this year. I actually forgot about the sumo group one. And then I'm like, oh yeah, and then some group was the developer of psycho it just feels like so in that little big plant style that I totally forgot that I wasn't properly from that original team. But yeah, I think this is par for the course. I think as usual with these things, you can have maybe different feelings toward the group acquiring Tencent. I'm not gonna say I'm like a Tencent fan or that I'm passionate about Tencent. But in the latest wording, which we'll see how it ends up turning out, it is very much stated as we are acquiring them to have them in our portfolio and to kind of provide support, but they're still going to do their own thing. It's totally the same. It's just changed. Obviously, we will never know if that's true. And so once we see it, working out. And then even then we might not always be privy to what's going on behind the scenes. So my thing for these is always, as usual, I hope that they signed a good deal. Hopefully they're excited about it. I imagine that turtle rock wouldn't go into this unless they thought it would be for the betterment of their studio. So hopefully they are right in that judgment call and that this only benefits them in terms of support and security and creative freedom and things like that. It does seem like it is very much a we want this in our portfolio when we're not really going to be as directly involved, but you can also be for better or worse. Maybe they would benefit from more direct involvement. I don't know. I can only assume and lightly trust that they would do what's best for their team and their studio and that this acquisition is that for them. Yeah, and I a 100% agree, right? I think the best case scenario is that you don't really see a big change in how turtle rock operates. You don't see the ten set come through and make big changes or want to have big influence in order to increase revenue or in order to turn their games into what riot is doing. I don't want to see turtle rock change in big ways like that in order to just make money for Tencent. I want to continue to see a rock, be turtle rock and make the games that they want to make. And like, yeah, these kind of consolidation and acquisitions like this can be scary and or good news for a lot of reasons, right? I think on the scary side it is what I'm talking about in terms of the change in terms of, okay, cool, are we going to consolidate into 8 big major gaming corporations in the world and all those corporations own everything? I think that is a worst case scenario. That is what I do not want. But what I do want is for independent developers to feel secure and feel like they aren't making a big risk with every single game that they're putting out. Okay, cool. We're going to put out back for blood is back for blood going to ruin us because it doesn't sell anything, right? I think that is always a scary thing for independent developers. And so for them to have the security, I think is going to be big for them and allow them to create more games in a comfortable way, which is a good thing. By the way, did you play back for blood? Did you worry thoughts on that when that came out? No, I didn't play back for blood. Did you do are you a back for black person? I wanted to be. I played it a little bit when it came out. And I also played betas and demos leading up to it. And the first beta was an alpha. The first pre release version I played of back for blood. This time last year, right when they announced it at The Game Awards, I enjoyed. I like the card system. I like how it felt. I thought I had promised, but I wasn't completely sold on it. I was like, okay, this seems like it's going to be good. We'll see if it's my kind of thing later on. I know Greg and others were a little bit more high on it than I was. And then playing like the PVP stuff, I was like, okay, this seems cool as well. All this seems like it's going to be solid. But again, I don't know if I'm going to be over the moon on this game. When I finally came out, I had friends that got super obsessed with it. My friend, my Friends, Rihanna, and Danny, were on. And I think they played all the way through it. And I forget if they loved it at the end of it, but I know that they were into it into it. And I tried to I played like one or two sessions with them. And by the time I finished it, I was like, oh, this just isn't for me. I don't care for this. I think it's the thing of those types of way based zombie games, like a left for dead style games. I think I don't know what it is. It's hard for me to feel invested and feel like I want to level up and I don't know exactly why I just can't get all the way into them. Yeah, I feel that. I think that's kind of where I met with it. It's just not a genre style. I've really spent much time with and of all the time that I do have. It's lower on my priority list to dig into, because I think it is so it's also one of those things where if you don't play it, like no one seems to care, so I'm like, okay, like this will just be one, the one thing that or the pile of things that I won't really get around to, but we'll see, you know, I'm not big on multiplayer stuff to begin with anyway. So it's kind of a rarity for me. Yeah, and I think you're right in terms of not many people were talking about it in a very big way once it came out. I think the people who played it played it and the people who didn't play it didn't feel like the need or the nudge to play it because people were like, oh, this is a must play right here. You know, I like those games, they're like hang out with friends. I think that's my main thing is I use a back for blood or a an aliens, fire team elite or any of those kind of like four player survival kind of games to hang out with friends and kick it, but on a gameplay level, I don't necessarily cared for the progression in those games. That said, there are games coming up that I want to get into. Rainbow Rainbow Six, extraction seems like it's going to speak to me more than back for blood or aliens have. And that's because it seems like that's going to have a lot of Rainbow Six siege mechanics and literally the operators from aimless siege are going to be. And then I assume they're going to control a similar way. And the game's going to have similar stuff going on. That speaks to me because I like Rainbow Six siege. And so maybe that'll be the one that turns around for me. It makes me go, okay, no, this is just my version of this game. I haven't found my version of what this four player co op wave base mobile downtown game is. But maybe we'll see, maybe it'll be Rainbow Six extraction. Let's hop in to story number two. Stalker to you developer cancels NFT plans after blowback. This is O and S good at polygon. The makers of soccer to you heart of Chernobyl..
China Is Cracking Down on Its 'Chaotic' Celebrity Fan Culture
"Chinese actress zhao way denies fleeing to france in now deleted instagram post. This is interesting. Authorities in beijing recently blacklisted the billionaire star from social media and ordered that all her work be pulled from streaming sites in the country for as yet unexplained reasons maybe being a billionaire In a communist country there's one The mystery surrounding billionaire actress shall we And her whereabouts intensified over the weekend after unsubstantiated reports spread that she had fled china for france after she was blacklisted by beijing authorities. On saturday reports emerged on chinese new sites that that zahle had fled the country on a private jet and was spotted at bordeaux airport in france zelin. Her husband Hung you long. Are the owners of chateau mullah or la la molo mama a vineyard located just outside obviously difference seeking to dispel rumors and being banned from chinese social media sites such as we bow posted three pictures on her instagram account. Sunday Despite the platform being blocked in china reports say zahle claimed a on instagram. That she was staying with her parents in beijing and in reply to a comment or she denied she was in france. The instagram post was later deleted last thursday upon orders from the government. All entries related to zao on chinese social media platforms such as a wybo. Are we bow Where i i'm not familiar. Sorry were removed. Her name was scrubbed from the credits of films and tv shows and all content featuring her including film tv chat show appearances and more Was removed from major streaming sites like Tencent video and i q. I y it it. It's a weird. All discussion of zell on social media is also censored no official explanation for the blacklisting was given but the chinese government is in the midst of a crackdown on the entertainment industry and the Excesses of celebrity fan culture
China Steps up Direct Involvement in Internet-Content Firms
"To china. The key index in shanghai fell two point one percent today. Shares in china based internet companies fell after china's market regulator moved to further tighten control over its technology sector with alibaba cent and jd dot com closing the day in hong kong between four and five percent lower. Marketplace's china correspondent. Jennifer pack is in shanghai. The draft rules would ban internet firms from things like exploiting user data by learning how customers behave or influence them to not choose a competitor's products or services it would also ban widespread marketing practices online like fake reviews or giving customers coupons in cash incentives. If they give positive reviews tech giants are also not allowed to limit traffic to other platforms. Like right now if you send an alibaba linked to a friend on we chat. The link doesn't open within we chat. These are tactics which have irked or angered users for while the draft rules are open to public feedback for the next month. It's part of an ongoing move by the chinese authorities to limit behavior by internet giants that the communist party considers damaging to social stability and national security already tech giants like alibaba and tencent have been heavily fined for anti-monopoly
"tencent" Discussed on TechStuff
"News episodes you might remember one that i talked about last month. I think in which the video game publisher. Electronic arts was hit with a hacker intrusion in which the hackers were able to steal a good amount of digital information By a good amount. I mean nearly a terabyte of data like more than seven hundred fifty gigabytes of information and that included as it turns out the source code for the company's fica twenty-one soccer game or football if you prefer fee is the most popular sports video game franchise in the world so it represents a really important cornerstone for ea. Now the hackers said that they would sell back this information to ea to the tune of twenty eight million dollars but e did what i frequently say is the best course of action. It did not pay up. Ea did not play ball with the fifa thief's and when that happened. The hackers ended up dumping their stolen data on the dark web It sounds like they were first trying to sell that off to any buyers but they couldn't find any because that source code actually. Isn't that much use unless you wanna try and run your own legal fee for servers. Potentially that has pretty limited appeal. There's not there's not a lot of profit out of it. Ea has said that while that source code was grabbed. The hackers actually didn't access any databases containing customer information. Which you know would have potentially been far more valuable as a for to a thief than the source code would be so player information was still safe and the company also updated its security systems and practices in the wake of the attack which that attack involved both some techno wizardry as well as some good old fashioned social That's when you trick someone into helping you infiltrate a system. Something that can often surprisingly be pretty easy to do now may have to do another episode about electric arts. Because i mean the company has had a rough history in fact there have been years where that company was voted as the worst company to work for. But this is a case where i would say that the company did the right thing sticking with games. Let's talk for a moment about what's happening with tencent. That's a chinese holding company that owns a bunch of stuff including a major stake in several video game companies and studios around the world. Not just in china well back in china. The chinese media referred to video games in general as sort of a spiritual opium and suggested that obsessing obsessively playing games was ruining the children of china with ten cents. Game honor of kings getting special attention in the article tencent then saw its stock prices. Take a beating plunging as a result of the scathing attack. I in fact the company lost around sixty billion dollars valuation because of the drop in stock price. The company says it will now limit minor's access to its video game and there's no doubt that video games especially mobile games. Set up a challenge and reward cycle. That encourages continued play..
Analyst: Didi's IPO Was a Disaster. Here's Why
"Calls the DD IPO a disaster with more on that and what China's crackdown means for more tech companies in his Edith Yeung of Race Capital is a China expert. And we're so glad to have you here because Once again dd feeling the pain share price. I mean, now, like 11 bucks well below where the IPO price was. And the question marks surrounding who knew? And when? Why was it such a disaster in your own minds? I Is such a disaster because there's a lot of rumors, speculation that maybe the founder and CEO both ignore about the request and the change and make sure that they need to comply with the data security and compliance before they go public. Regardless and there's a lot. This costs a lot of action lawsuit going on now, and there's a lot of hatred for the founders and also for the for the president, and it's just really unfortunate to see what's going on. Which in my mind, I think you know, companies send of really chilling effect for many, many Chinese companies that with the goal to get listed in In the U. S recently, including companies like Kid Keep, and Himalayas recently wanted to go IPO in the U. S. I heard that both call it off because of what's going on with the D. Link Doc as well, postponing its IPO. The ramifications there that is this to your mind's eye, Edith. What China wants. Does it want to prevent make it harder, more difficult for companies to go to the capital source that is the United States? I think you know what's really, really interesting to me is that in the past, a lot of people say data is the new oil data now really is the most important things in terms of infrastructure. I think China the most. Some of the most important Internet company of China, including Alibaba, Baidu, Tencent music are all listed in the U. S. Says over 248. Companies from China is listening to US. U. S stock market is really, really important to China and Chinese company. But having
Apple Fends off Chinese Attempt to Get Around App Tracking
"Revolt confirms cassia attack. The operators of the revival ransomware gang confirmed that they were responsible for the recent supply attack against cassia although code reference. It had already made this responsibility clear while individual attacks against msp's and other businesses had ransoms already detailed. the rival operators also announced. They would make a universal decrypt or for the attack available. If someone paid a seventy million dollar ransom the attackers claimed to have encrypted over a million systems and researchers believe thousands of organizations have been impacted. White house will attribute half neom exchange attacks according to deputy national security adviser for cyber emerging technology and neuberger. The white house will formally attribute the recent microsoft exchange server attacks expected to come the next few weeks microsoft and other security researchers have found evidence that the group is state sponsored and operating out of china with white house recognition of this hinting that a more overt national response is on the way neuberger also praised the agencies work with microsoft to quickly release a one click tool to patch the server issues taking impacted exchange service from one hundred forty thousand to less than ten in a week. Cyber reinsurance rates. See a spike. According to the london-based reinsurance broker willis re international in july. The company saw forty percent jump in renewal rates as companies look for help in the recovery process from increasingly common ransomware attacks. This comes as the cyber insurance industry itself is getting shakeup with provider. Asa backing away. From ransomware insurance products and france considering banning ransomware insurance on the grounds that encourages attackers premiums for insurance offerings are also increasing as providers are now realizing the exposure many companies face in cybersecurity apple caused chinese tracking bluff. Several large chinese technology companies like by tencent and by dan's attempted to use a chinese advertising. Id or see a. Id as a work around for user tracking on ios when users opted out of letting developers access apple's identifier for advertisers logic. Being that if the major chinese at publishers all force the standard apple would be in the know win situation in the market however apple continued to block app updates attending to use the ca with the financial times of sources. Now saying see. I has lost support and the whole project has largely failed to gain traction
Stack Overflow Sold to Tech Investor Prosus for $1.8 Billion
"Stack. Overflow says it will be acquired by process a european tech giant and ten cents largest shareholder for one point eight billion dollars quoting the wall street journal based in new york closely held stack overflow operates a question and answer website used by software developers and other types of workers such as financial professionals and marketers who increasingly need coding skills. It attracts more than one. Hundred million visitors monthly. The company says process. One of europe's most valuable tech companies is best known as the largest shareholder in chinese internet video gaming giant tencent holdings listed in amsterdam process. Signaled its appetite for deal making. When it sold a small portion of its equity stake in tencent in april for fourteen point six billion dollars the stack overflow deal ranks among prices biggest ever acquisitions process invest globally across a range of online platforms focused on areas such as food delivery classifieds and fintech it also maintains a more than two hundred billion dollar holding in tencent processes parent company. Nascar's acquired the tencent stake in two thousand one for thirty four million dollars. The stack overflow deal is processes i outright acquisition in the educational space purses already owned stakes in two educational tech companies. You to me and code academy servicing companies. It is set to make an investment in skills soft. A publisher of training software used by businesses as part of that firms plan to merge with special purpose acquisition company churchill capital corp. and list in new york and quote.
Call of Duty League and Overwatch League Will Allow Liquor Sponsors
"Of duty. League and overwatch. league loosened sponsorship restrictions will allow betting and liquor sponsors now. I don't remember if the article mentions this but activision blizzard especially has been very careful about the sponsors. They bring into both franchise leagues up until now they had rejected anything. That was even remotely like twenty one plus and so This is a big course change for them. And i'm curious what you guys think in terms of the why and what do you think the implications might be here. Okay so i actually I had you guys a different uncle this week. And i'm not sure if you've got a chance to read it. But essentially the article was about how sponsors were pulling back over the sponsorships and looking at streamers instead So let me look up the actual article. But i thought that and i knew you guys working. Read it because it's called gaming influencers future. These aren't there was actual stories in here Houston outlaws player. Who actually quit. Went to tweeden like needlework. Money that of the united talent agency said streaming the way for companies to make money off of e sports athletes There is a looking now How are you tying this back to different. Yeah no i'm saying that like you're seeing streamers and other people's specifically leaving overwatch lee to go seek other making opportunities so adding in sponsorships or things like liquor and betting that might actually be attractive to younger audience or way to engaging gradients seems like owning these sponsors will bring a younger audience to their franchise. Yup yeah
Herman Miller Director of Gaming on Company's Dominance
Ready for a Summer Games Fest?
"So mike you remember when we used to go to the electronic entertainment expo and see a bunch of new video games. Yeah seems like another lifetime ago. It's been nearly two years since last time i was. I was in los angeles for the annual e. Three industry convention obviously last year. It was canceled because of the coronavirus pandemic and to fill in the void. Our pal jeff keely created this summer fest which was a series of online streamed events including a preview of playstation five and a bunch of games. And now if you're into games you've probably heard jeff who began covering the industry as a teenager and then in later years began producing the game awards in two thousand fourteen which many of equated to the academy award for video games. Well this summer. He's going to produce the summer games fest again and kicks off june tenth so far participants include Playstation xbox activision to k amazon games electronic arts epic games riot games tencent games and newbie soft. And there's more but that's that's that's gives you an idea it's going to be really well supported and then there's a new. A new independent games will be highlighted in something called days of the davos. Which is a showcase produced by eight bit and double fine productions which is one of our favourite game developers and they've made some super games including full-throttle second thoughts and grim fandango. I'm not sure if you're a fan or not but rock band. Weezer live on this june tenth broadcast. And you can watch on all the major streaming platforms including twitch twitter youtube. We have all the links in my story on tech usa. Today dot com they'll be more musical performances and special guest announced in the coming weeks jeff said and in the announcement came out. But what's really going to be. Interesting is if when and how the summer games i might conflict and come right up against e. three which is back this year but we'll be all online and streamed.
Cloud9 Stumbles out of the Gate
"News today. So let's dive on, in the off-season, invitation out of Reykjavik Iceland. For League of Legends is already wrapped for their second day of groups. And men has it been a lackluster showing from Cloud 9 in North America. Thus far yesterday, they were beaten by Korean. Paused am One gaming in an efficient game. As dwgs Canyon took over the jungle and helped them. Take nine of C 90 hours for the win. While Cloud 9 could not get one turret found himself with an 8:00 keg deficit for the loss. Not totally unexpected. But today, Cloud 9 had to take on the Japanese Squad. And detonation focused me. See nine jungler, and LCS MVP. Blabber got embarrassed in. This one is Cloud 9 laws to a supposed Underdog. Dropping them to last place in group C with DWG. Kia leading the group in group, a role. Never give up his 300 and add our group be emerging European. Yep. Because mad lines lead to oh they're not just start up again at approximately 8 a.m. Central Time tomorrow.
Google CCAI with Antony Passemard
"We're gonna be talking about google contact center. And i'm not just saying this because you're here on an is honest truth. I've been hoping one in this composition for a long time because our history. If you go back far enough is rooted in alexa. Google assistant and the voices and spirits. And we've been working in this all contact center environment and customer services for a while and then we see. Google released this kind of suite of tools. The seems to have in some parts from history with with google assistant and all this kind of stuff in very similar technologies. and we've been been exploring it for awhile and excited to see where it goes and what you're up to so thank you much for joining us citing citing. Yeah there's a lot of history there with assistant and yeah we can talk about. It's it's an interesting story but it. What's what's interesting is that it's really exhilarating in the last two years. It's been pretty pretty impressive. What we've been able to deliver and really happy to release a led technology now until it's all coming together and we're seeing great results so happy to cheryl that nice. What's what's what's who is it. That says underwent a plan comes together is bigger is gonna plan comes together nicely. Well well on any join those. So you the head of compositional nine contact center at google cloud jonah. Tell the people tune in a little bit about what the rule is what you do on google cloud and how that relates to i own the product the product suite basically. So whatever touches conversational. I for google cloud which is now set of a set of product so some underlying technologies like the speech to text. Api or text to speech api. Some of the amelia technologies that we have but on top of that really. What's interesting. is the various products. No dalek show. For cell surrey's channel bots voice and chat the agent assists to help human agent do their job better and getting sites. And what's going on in real time as they were talking to customers and the latest one is insights which is coming verviers soon which is about understanding all your contact center and everything that's happening they are so it's kind of a product suite under the umbrella. Ci and yes. I own that. I have a team of product. Managers that Do a job at delivering on those products from helping drive a change in the market with this nice so i was just trying to put the lincoln in lincoln. So you mentioned the Some of it has a history with google assistant. Let's unpack that a little bit. So where i come from. And what relationship. If any have with google assistant technologies it started about four years ago. I think some somewhere around that where we did assistant actually did an acquisition of a company. Api and the. I was A tool to help people build better. Google assistant interactions turned out. That in google cod. We were really interested with this technology and the cloud. Google customers actually started using piano the i to build bots for arna a prize and it became dialogue so and so we started planning a little bit working toward more entreprise use cases with alec flow as as assistant was working on their own on their own path and were sharing a lot of the nfl. You underlying the technology but as time passed we so much more traction in the enterprise and had to separate ourselves a little bit in terms of how you manage the the system itself and elliot's fairly common but the system you know the the designer the interaction the web hoax infrastructure the security level privacy that we could provide with allah flu can a diverse and about i would say about two years ago. We started embarking on a new journey toward larger on it so we had their early over. I think we have about one point. Five million developers now in dallas so signed up but we saw that big move award. Large large companies like verizon and likes that wanted to have a lot more flexibility and being able to handle more complex. Use cases with their varietal agents Migrated toward what we just launch in. General is but at the same time we expanded toward agent assists and insights we added to the portfolio so the history starts at a piano. The i four years ago. But i think they're somewhat of a split about two years ago to address the large enterprise cases those use cases and so for those who you mentioned. It's this this dialogue floor the cx was created. There is agent assist olympics and insights. Those are the those are the the full men compo- insects out yet but inside his common. That's right isn't it. Yeah so. It's a early preview right now. It's coming on in in In preview the states kind of bit is a new term. Like we don't have alpha beta anymore. We have previews and j preview previews coming out. I think in the next month and now it takes care is incites is no analysis product per se. It is it is inside. So floyd assists on sites had the three main main products. And i'm accents. Okay then so. Donald flows has been used a lot for goodness actions as well as chump dot says wella's contact center etc for those up in the day a more than likely have experienced dialogue floor in some shape or form. So what is it. The drove the need for dialogue floor. Cx whetted cx come from. Sussex is more graphical. It's it's slightly different to. Es what's the history. Yeah that's actually very important. So essentially asks is basically dial for the daleks with everybody knows that the prior version she will that was meant to build simpler interactions. So one or two turns. Maybe three turns if you if you really need to go a little deeper but some people have called it like slot failing type of bots little bit of that no s something getting tencent and entities and do something where the work or cloud function fairly simple. But when you talk about larger apprise they need to handle much more complex use cases longer. You know five. Ten twelve fifteen turns in conversation or you know things that lasts for two or three minutes on the voice side and being able to handle that without floor essential was very difficult. Because linking intense between them. The nfc between intense was a little difficult to do and the visual builder was a big improvement where you can see a complete flow manage the transition in dragon drop. Ui all without code was really important to a lot of customers but it really doesn't stop there Dallas came from a need for better predictability in spending for example so the pricing model is different. Secession based rather than a turn or fifteen second incriminate. It has a skill ability Capabilities that are much higher so delicacy. Excellent handled forty thousand intent in a single implementation issue. Compare that doug. Flu central two thousand ten. You can have mega agent on it. Which allows you to go to twenty but cx with forty thousand and ten and we have customers that are in the many many thousands fifteen seventeen thousand intents so it does happen that you need this kind of skill. It also has a lot more features toward ivr's when you used alpha essentials. It's unlikely you're going to replace your vr and hence your vr with. It's more about knowing if you think about assistant. Its interaction with smart device.
an Update on China's Digital Yuan
"An update on china's digital yuan and its relationship with private fintech companies we've been following the testing and the rollout of the digital yuan and the significance is a couple different pieces. There's i significance in the context of china trying to create an alternative to the. Us led global financial system. But there's a second context as well which has to do with the relationships between private fintech companies in china and the chinese government itself indeed it seems increasingly clear that step one in creating that alternative system is consolidating power at home what we saw late last year when china stepped in and stopped the financial groups. Ipo and really reshape. The way that company was designed are all a part of that larger battle today. Bloomberg is running a story about how china is pulling in two of the biggest fintech companies to its digital you on trial. The article is titled china. Enlists aunt backed my bank expanding digital you on trial and here are the key lines. My bank service will soon be introduced to the people's bank of china's digital yuan app. People familiar said requesting not to be identified because the matter is private tencent backed. We bank will also participate. One of the people said the e wallets from the two firms will have exactly the same function as those from. The six state owned lenders in the trial said the person adding the two banks to the pilot will help china's central bank expand its influence and user coverage in its push to establish the first national digital currency from a major central bank. When the people's bank of china. I announced its plans. It was viewed as some as a government move to reclaim the two hundred ninety. Three trillion yuan about forty five trillion dollars payments industry from ant groups ali pay and tencent holdings we chat pay. So again i think there are two really important dimensions to keep watching here. The first is the geopolitical battle. Us versus china. But then there's also the question of public versus private money within china itself
Tencent says exec being probed over links to 'personal' corruption allegations
"An executive of ten cent china's most valuable publicly listed company has been held by chinese authorities as part of a high profile corruption. Probe according to people familiar with the matter. Jiang fung has been under investigation for alleged unauthorized sharing of personal. With a former official tencent operates the social media app. We chat which is ubiquitous in china. A spokesperson for ten cents and jiang has never held a senior executive position or managerial posts in the company. It could be determined. Were jiang is now and he couldn't be reached for comment. Chinese authorities having confirmed that jiang is under investigation
Donner Memorial State Park
"Located off interstate. Eighty in california about ten miles from lake. Tahoe donner memorial state. Park is nestled in some of the country's most jaw-dropping landscapes every year thousands of tourists flocked there to enjoy. It's wild beauty. The park contains many trails and emigrant museum and the beautiful donner lake surrounded by towering trees. It might be hard to believe that a place so tranquil busy terminally damned but it is said that the energy of a place even a stunning one can be changed forever by tragedy. And that's exactly what happened to donner memorial state park in the winter of eighteen forty-six the previous spring eighty-seven people from the donner and read families. Embarked on a journey from springfield illinois heading west to california brothers. George and jacob donner hand carefully planned the route with james reid but poor leadership and a series of missteps led the men to make few errors. The i was the decision to take the hastings cutoff and untested shortcut that put the travelers behind schedule in fighting heavy wagons and exhausted animals. Slow them down further by the time they traipse through the sierra nevada's winter at already begun and with it of fatal snowstorm. Thompsons hands trampled. She rang out the rag. The snow she'd melded onto it had been warm just moments ago but the wind had put the fire out now. The cold wet cloth was stinging her fingers still. She squeezed the water into her husband. Georgia's mouth moistening his dry lips but he didn't move he hadn't for days he just lay there chain of obligation fastened to her ankle. Tanzim had been against this journey from the start she'd been happy in illinois they'd be well off with a sprawling home in happy children. She had done a teacher there but he wanted more. He insisted on california and thompson could say nothing. Why are meant to nod politely. Even as they watch their husbands arrogance lead eighty plus souls into health and then a month ago. Hope had come. A rescue group had broken through the snow. Georgia been battling ethan. Dan so she'd sent her children. Were the rescuers to brave the wintry pass and get out of this nightmare. Take the children. She said she'd stay waiting out starvation with him. Because that's what whites were supposed to do. They stood by their husbands even when a doomed them. Now george was dying and she'd be all the whole thing had been selfish of him. But that was george always onto the next thing with no thought for anyone but himself her mouth twisted bitterness. Blame was the only feeling stronger than hunker. The wind shuttered the tent blowing open. It's flab with it. A torrent of snow flurries blue inside outside. Tamsin could see dim sunlight shining on the oppressive white woods. The evergreens were tall thick and laden with snow. Tencent thought that it looked like a cage. If ice she rose slowly to pull the flaps shut then looked at george i g shuttered. Then he lay completely still is is open and unseen. She held her hand under his nostrils. No breath he had died after all that she had nearly missed it. She expected more of a spectacle. As george always liked attention. She should have felt sad but all she felt was cold and relentless throb of hunger swelling her belly and there was no question. The hunger was worse
Americans Won't Be Banned From Investing in Alibaba, Tencent, Baidu
"We report the. Us will not ban. Americans from investing in chinese tech giant's alibaba tencent holdings and by do officials had been weighing the company's alleged ties to china's military against the potential economic impact of banning. Them people familiar with the matter. Say the us no longer plans to include them on the defense department list that would bar americans from investing in them
'Sex and the City' is coming back, but it's missing one key character
"Sex in the city will return seventeen years. After its last episode aired for what tencent ten episodes. I'm so excited about this. Your this is breaking news to me. It will star three of the four original leads. Sarah jessica parker cynthia. Nixon and kristin davis carrie miranda charlotte. We'll all be back. I'm not shocked that the other don't like control they i. I was shocked. When i got into this. Deep dive about kim cottrell and sarah jessica parker and their feud and i thought their on screen relationship had so much chemistry. I thought there's no way off air. Apparently it was tense onset. Like they'd film the scene and then partways access is good. That's good acting right there. Because i wouldn't feel fake. It sex in the city will return seventeen years after its last episode aired. Hbo max that's where it
Is chess an Esport?
"On this. Podcast we've said chess is definitely any sport it's so cool to see you know Gm ichuro streaming for tsm and playing chess and chess was invented. Today would definitely be any sport. you know. we've we've sort of back that narrative collectively. And then i saw this article and i'm like wait a second. Something's not right like this doesn't feel right to me as much as i believed streaming of chest feels like a little bit of any sport is magnus carlsen is he. The top e sports earner is this really as good for the sports industry as a whole to sort of make this kind of call Or are we sort of now trying to include too much in the definition and we only hurt ourselves like. Where are you guys on that on that on. That thought lindsey. I'll let you start okay. I talked about this on twitter a little bit earlier. I think it's great. So one of the things about these lists especially. I was looking at the top ten team earnings to i mean the amount of potential earnings that are out there are just around fifteen to twenty percent of what they were last year. Because of the pandemic so part of it is that chest was super easily translatable in a pandemic near still able to hold tournaments. It's still very familiar. People still wanted to watch it whereas some other tournaments games. Whatever with the line element. It's not as exciting. So we'll see his carries over into next year that would be an interesting trend but the other part is that. I still don't think it's necessarily a bad thing for this is a little bit. I mean this is where it gets a little bit to differentiate between these sports gaming and top earning streamers as top running eastwards competitive on and the the delineation between all of those is really murky unclear. Obviously he's not the most popular Twit streamer and i wouldn't expect him to have the most money made off of that or most money made off of endorsements or whatever. So when i look at it from that lens. I don't think it's a bad thing that he's leading in this. Very narrow niche category called e sports. Where we're only looking at tournament winnings that have been decimated during a pandemic so but like even non pandemic like even. If you go back he probably still would have made the top ten and half a million dollars. You're weirdo doda to the winning team. Each guy makes you know couple of million bucks. He still would be up there. And i think the bigger question is you know everyone seems gung ho to call chesini sport right but then you see a list. At least i saw list like this. And i go wait. A second at maybe. Have we gone too fast. Here right like manx. Carlson to me has never been an east sports competitor right and so it started trending downwards though if people kind of us chess has an introductory way of getting into it because it is familiar international and then got for like league of legends. Like watching chess. Yeah i i. I very much think that that kind of strategy play that people get into is easily transferable to other games and that it could be a way of just doing that choices. I mean just. Chess has the advantage of longevity. It's been around for thousands of ears. So i don't think it's a bad thing right now. Maybe in ten years. I would think that this would be a bad trend. Maybe even five years but for right now this year it's point even stronger. I feel like we're using chess at this more rate like being used in the dirty version of the word right like we're using it for sorta like clout right because it's cool to have chess as an e sport and chest is massively popular internationally right and then as soon as as soon as you have. Magnus carlsen at the top of the list. Everyone goes oh. No no not any sport like i feel like we're using it a little bit and chris brings up a good point here. Jeff maybe you want to comment on like when do we call poker any sport. Yeah that's a good point. You got a slippery slope at some point. Can you call you know anything. That's being played electric. You know it's just this other point at some point. Can you just call anything you play like you know like if we're flipping a coin and betting on the outcome is that an e sport if it's filmed than like you're in one place at other place i don't know
NYSE Says Again It Will Delist Three Chinese Telecom Stocks
"The trump administration is in its final days. But that doesn't mean that they're not still pressing ahead with their aggressive china policy when it comes to tech president trump has signed an executive order banning transactions with aunt groups ali pay tencent's wechat pay and q. Q. as well as five other chinese payment apps quoting reuters lee order argues that the united states must take aggressive action against developers of china software applications to protect national security it tasks the commerce department with defining which transactions will be banned under the directive within forty five days and targets tencent holdings q. q. And we chat pay as well quote by accessing personal electronic devices such smartphones tablets and computers chinese connected software applications can access and capture vast swaths of information from users including sensitive personally identifiable information and private information. The executive order states such data collection quote would permit china to track the locations of federal employees and contractors and build dossiers of personal information the document ads and quote so as i've said several times when it relates to the subject i still haven't developed a definitive opinion about this whole tech cold war with china. Smart people. I know really do believe that. China's tech ambitions are set to the us's dominance in various ways and so must be meaningfully countered the problem. I'm having though is at least these last few years. The trump administration in my opinion hasn't put together a coherent argument about what they're doing. Or why so. It's hard for me to even form an opinion. That's not me being political. That's just me being someone in the tech industry that feels this whole posture. Vis-a-vis china by the government has been maddeningly inconsistent. So far case in point after pressure from the us government. The new york stock exchange said it would delist the stocks of three chinese companies china mobile china telecom and china unicom in order to satisfy an executive order imposing restrictions to prevent american companies and individuals from investing in companies identified as being affiliated with the chinese military. Now that was always the plan they were going to list these three companies and then two days ago the nyse reverse course and said it would no longer dealers those companies now today. they're reversing the reverse quoting cnbc. The exchange reversed that decision on monday causing much confusion treasury secretary mnuchin told the exchange that he disagreed with the original reversal. A senior administration official told. Cnbc's eamon jabar's the mis's said the latest reversal was due to new guidance. From treasury's office of foreign assets control that said people in the us could not engage in certain transactions with the three companies as of next monday trading of the three securities will be suspended at four pm eastern time on monday the exchange said and quote. See what. I mean confusing as all get out isn't it. China mobile is a one hundred billion dollar company. I believe they've been listed on the nyse for more than a decade. As i said before around these issues capitalism requires a clear set of rules that everyone involved in the great game of capitalism can understand if you don't know what the parameters of engaging and capitalism are then that's not capitalism so i guess one of the bigger questions going into the new year does president biden have as big an ax to grind with china tech as president trump. Did and will we get a more coherent position. Vis-a-vis chinese tech
After Jack Ma, Is China Freezing Its Entire Tech Sector?
"So what did we miss. Well over the break. The whole chinese communist party versus jack. Ma thing got even more interesting. China's market regulator suddenly announced an antitrust investigation into alibaba for alleged monopolistic practices. Yes this sort of thing can happen in china to. I guess because as far as we know. This is the first investigation of its kind in china's internet sector ever coating the financial times the market regulator said it was investigating suspected monopolistic practices including alibaba's tactic of forcing merchants to sell exclusively on its platform a practice known as pick one of two in china among other issues. The brief statement from china's state administration of market regulation said the investigation into alibaba had been opened. Recently after complaints ali. baba's hong kong listed shares fell more than eight percent in early trading. Alibaba said it quote will actively cooperate with the regulators on the investigation and quote and that its business operations remained normal. This is china's first antitrust investigation into a chinese internet company for abusing its market dominance said scott you and antitrust expert at jong loon large firm quote. In a worst case scenario alibaba could be fined up to ten percent of its previous years sales and quote lawyers said the initiation of a former investigation met the government already had some evidence to support its case regulators quote definitely have evidence but it is hard to say whether they will ultimately decide this constitutes monopolistic behavior and its punishment said you jin wa at shanghai deboned law offices and quote so this story continues to fascinate me because for years the communist party has allowed big tech companies to flower in china to show that china could match the west for innovative disruptive capitalism albeit with the special chinese communist party spin on exactly what that entails implicitly. I suppose it has always entailed the communist party. Always having the final say on what exactly disruptive capitalism entails and it's interesting to see them very openly pulling the reins on jack ma one of the earliest and highest profile of the entrepreneurial success stories in tech china alibaba was founded all the way back in nineteen ninety nine. It was china's most valuable company for a long time though. Suddenly no more alibaba's seen almost all of this year's stock gains erased over the past few weeks wants the hammer began to come down on. Ma it all began with the canceled. Ipo of ant group. The finance of alibaba. Also run by jack ma and this morning even more. China's central bank has announced. That aunt must overhaul its lending insurance and wealth management businesses and come up with a timetable to do so toot sweet quoting bloomberg. These central banks summoned aunt executives over the weekend and told them to rectify the company's lending insurance and wealth management services. The people's bank of china said and statement sunday while it stopped short of directly asking for a break-up of the company the central bank stressed that aunt needed to quote understand the necessity of its business and quote and come up with a timetable as soon as possible. The series of edicts represent a serious threat to the expansion of mas online finance empire which has grown rapidly from a pay pal like operation into a full suite of services over the past seventeen years before regulators intervened aunt was poised for a public listing. That would have valued at more than three hundred billion dollars with existing backers including carlyle and silverlake. The hung based firm now needs to move forward with setting up a separate financial holding company to ensure it has sufficient capital and protect personal private data. The central bank said authorities also blasted aunt for subpar corporate governance disdain towards regulatory requirements and engaging in regulatory arbitrage the central bank said aunt used its dominance to exclude rivals hurting the interest of its hundreds of millions of consumers and quote as dr trae. Who knows way more about china than i do. Said on twitter quote. I'm still perplexed why they decided to kill ant the day before its ipo. It seems like a genuine mystery to everyone whether this was crazy. Powerplay to show they can put the brakes on something as large as that with the of a finger. Or if they like just didn't really look at andt closely until i day and quote but it's not just about jack ma though. Isn't it quoting bloomberg alibaba. Group holding led a second day of frenetic selling among china's largest tech firms driven by fears that antitrust scrutiny will spread beyond jack ma internet empire and engulfed the country's most powerful corporations alibaba and its three largest rivals. Tencent food delivery giant matron and jd dot com. Have shed nearly two hundred billion dollars over two sessions since when regulators revealed an investigation into alleged monopolistic practices. Atma's sickness or company. That marked the formal start of the communist. Party's crackdown not just on alibaba. But also potentially the wider increasingly influential texts fear and quote
"tencent" Discussed on The Business of Esports
"The first here is from the motley fool and the headline tencent makes another billion dollar gaming acquisition. The chinese technology and media conglomerate has been on an acquisition spree in the gaming space making its leadership position even stronger <hes>. What they bought here was <hes>. Lay you lay you technologies. Which is the parent company of digital extremes <hes>. And it's a canadian. Based video game studio known for war frame <hes>. they also own studios including athlon and splash damage. Ten sense going to be paying roughly one and a half billion in cash <hes>. Choir the company which is incredible <hes>. The buying spree that they've been on the amount of cash that they've put out there the second acquisition this one <hes>. I think we talked about it on a previous podcast <hes>. And it was a agrees to a us. One point two billion dollar deal for f one video game developer code masters. I think when we talked about it we were talking about it in the context of take two interactive having made an offer and ea sort of just trump them. The came came up with an offer for about two hundred or two hundred and fifty million dollars more so they were willing to pay a higher <hes>. Share price 'cause code masters is publicly traded. And so it looks like ea is going to end up acquiring code masters having outbid take two interactive. Which i think at the time when we talked about it we felt that was a big price. Tag billion dollars for code masters and now the looks like the trading price is going to be one point. Two billion so curious to get your guys thought <hes>. You know we can talk about them individually or we can talk about sort of which one we think is the better acquisition <hes>. Neil i don't know if you know the war frame guys. I know it is canadian based a candidate based <hes>. But curious to get your thoughts on these two. My i take is. I know you guys are fans of this gentleman. But jeff bezos when you look at code masters being bought yeah code about being bought for one point two billion. Let's just taking kids that are issued. How amazing that twitch nine hundred seventy six years ago right on decide to eight point. Nine children should win. Ea i think is in such a good spot and we might say openly. Here that one would you billionaires demo overpaying if you look at the stock run that they've been onto it's a currency unto itself and there probably sixty seventy percent on the year and adding more aaa titles to their. Snow is all the better. I think they've just done a tremendous job in and similar racing at f. One especially with what we saw as a result of that netflix series drug survive and get him is f. One is making a huge comeback younger audiences and people that have now seen this through netflix. And then people that are you know. Middle aged or know mid thirties to my age is. We're all obsessed and we're following it every week and it's quite dramatic as i didn't care about f. one at all in the last couple of years. But i'll admit. I've i've in the playstation store i've bought the f. one game it's not that great in my opinion maybe not that good at driving it but i think the acquisition is worth the risk. You want to be known as as a world class when it comes to fee for <unk>. Nhl sim racing. They've got such great titles along the way and you know the team over there in teams doing it competitive gaming entertainment now. They're just making the right most. I don't know much about this. Said deal admittedly <hes>. But anything tencent touches <hes>. It's a powerful move and they're building empire that we should be very very afraid of. I mean both seem like really good acquisitions from synergies perspective right because ea has all the sports titles so f one feels like a perfect fit and and ten cents graded monetization right. Probably better than anyone and wore. Frame really is one of these free to play like monetize. Every which way up the wazoo kind of games like it's in the ten cent portfolio both of these acquisitions. I have to tell you like in a vacuum. I thought they were already owned by the people. Buying them like no joke. Like i literally thought were frame was somehow i was like. That's just the sort of thing they buy and the same for ea. Like i literally thought. Like i played grid quite a lot in my memory. Brid was an ea game like it was published by ears. I don't know. But like i just that tells you how lake like well on portfolio on message these acquisitions. Our prices are high. But as neil said like the market tie and then took to other point as well you know putting in context of bazo acquisition. Like doesn't matter where you put money and put it games like i think anything that was bought for a billion dollars a couple years ago smart because there were a couple wasn't just twitch we had minecraft myra look in a world where roadblocks goes public at thirty billion or forty billion market cap like buying minecraft at four or five or whatever they paid right seems like house. Yeah just like microsoft like so like the bottom line is but guises whiting. Listen to this podcast. It's so important. It's just like this is not the exception. This is the norm putting money in games today will turn into more money later. More likely than not investment advice aside. I'm not a credit above because the industry is just so positioned. It's the future of so much entertainment media and everything so like the reason. We're observing these crazy exits and outcomes is because the space is a whole is growing so much right so lake. Get into the space. That's the bottom line william. I'm with you on that. A hundred thousand percent. And i think the interesting thing is re that are in the industry. <unk> we talk with these things very openly. We discuss them. But from an outside portfolio manager at a morgan stanley wherever they probably are afraid
"tencent" Discussed on Bloomberg Radio New York
"The earnings of Tencent holdings Canada the negative trend I'm Brian Curtis you know gone with that story coming up that's all straight ahead on Bloomberg daybreak on Bloomberg eleven three oh New York Bloomberg ninety nine one Washington DC Bloomberg one oh six one Boston Bloomberg nine sixty seven Francisco Sirius XM one nineteen and around the world on Bloomberg radio dot com and via the Bloomberg business at one ball begin today's program with the federal reserve as policy makers gather again after its emergency rate action for more let's bring in car Rekha Donna chief US economist for Bloomberg economics annual initial let's have a senior U. S. economist for Bloomberg economics I thank you both for joining us let me start by running this by you we have heard a chorus of people in the know who just know exactly what we need and I found this comment interesting this is from Canaccord Genuity equity strategist Tony Dwyer you need massive not kinda massive monetary fiscal stimulus the thing that I find the most extraordinary are the comments from people like us that the central bank has limited ammunition we are a primary currency you can do whatever you want Carl let's dissect that first let's talk about the idea that we need massive stimulus would you agree I agree one hundred percent that this is not just a a single type of ingredient response that we need we need a multi pronged response really a three pronged response so one is the initial healthcare response so that the public needs to be confident that there will be enough hospital beds emergency room doctors test kits medical facilities that more broadly to address the crisis that we have to start getting a handle on the numbers of actual cases in the U. S. and also have confidence that we can adequately deal with the situation because that's another economies that are a little bit further along in terms of the infection rate dealing with the problem aggressively does lower the mortality rate ultimately after that initial response that's we think of the economic response in certainly the blazing confidence is critical because households and businesses are in hunker down mode recession become can become a self fulfilling city hall but number two we need to an adequate monetary policy response and the fed definitely was out in front of this but the need to continue moving aggressively in that direction so it's got limited conventional policy in terms of interest rate cuts they should use so quickly because it takes a long time for that to percolate through the financial system but also that they need to ensure that and it's a market consumption and that consider measure unconvincing unconventional policy measures like quantitative easing most importantly I think the best for last that is the fiscal response to missing a huge box on the economy for both households and businesses it needs to be set up through government spending on economic stabilizers whether it's email is junk mail to folks payroll tax holiday worker mother nature we need in the listed liver quickly to Connie well we will have slowed to the point of what we do tip into recession Illinois let me hear from you you need other stimulus ideas I totally agree with the call on a three pronged approach and that will be a quick response from the SEC is absolutely necessary but this is not going to be enough I think people quality needs to play a major role in all of this and some sort of targeted partial approach two of the Jewish and he's not gonna be enough we absolutely require a massive stimulus and something like that thanks god or all or some sort of these actions will be necessary I think that that something like Larry Kudlow trump's economic adviser has been descending recently in a sense that that targeted actions will be sufficient it's probably not gonna be enough I think we need to see defective action and unfortunately I think things will get much worse before policy makers will get together in a nonpartisan way and back up on the situation as necessary Carnegie Donna back to you well I think Tony Dwyer is right in the sense that we often talk about whether the fed LAX ammunition what is enough and does the fed have enough certainly if we go into a quantitative easing the fed has more beaten to stimulate the economy so what we shouldn't just look at the number of interest rate cut to cut left on its under the belt and see a limit of what Democrats can do what quantitative easing is a very powerful tool without work very effectively during that QB one two and three during the day a global financial crisis the the the issue is you know it is an unconventional policy tools so there's not a guarantee that you get the same fire power this time around so we talk about a three pronged approach but the three prongs are not equally high instead that the Cologne have to be fiscal stimulus and we need look no further than ten year yield to realize that that collectively the market is getting a squeak past to the United States government to issue more debt to fund that fiscal stimulus and we're talking on the order of hundreds of billions of dollars which will be needed to prevent the economy from slipping into the old speed thanks to Karl Rickard Donna chief US economist for Bloomberg economics and you learn if elected a senior U. S. economist for Bloomberg economics coming up on Bloomberg daybreak weekend FedEx reports earnings amid headwinds from.
"tencent" Discussed on Newsradio 1200 WOAI
"Are welcome to allowed to camp on the sidewalk some of even set up elaborate Tencent ten cities will downtown Austin business owners are considering closing early out of concern for safety after dark political consultant mac macro we act says that this is leading the charge to change all the rules you says this is hurting the city and every major county in Texas is now minority white according to a new report by the pew foundation Aaron and Travis counties have lost their majority white status over the past ten years now dollar tree and dollar general having to pay the state of New York one point two million dollars they were selling expired over the counter drugs state attorney general's office says an investigation found some of those drugs were months beyond their expiration dates also find dollar general first selling a motor oil not suitable for engines built after nineteen thirty well the navy is making a major investment in San Antonio navy's fleet of combat jets called super Hornets are getting a high tech upgrade in the work will be done at port San Antonio port director Jim pursed boxes the five hundred direct jobs are just to start anytime you see a big systems integrator like Boeing expand you can expect all of the ecosystem of follows along with them to further expand he says the one hundred sixty four million dollar contract is a boost to the city's image because it shows we can support cutting edge military work better than any city in the country Michael board newsradio twelve hundred W. away I kind of exciting world counties around San Antonio will reap be receiving federal funding to upgrade their internet access this game from the top the FCC promises to provide more than three hundred million dollars to roll counties across the state to improve affordable brought down and they're saying they're going to do it within the next ten years when the Texas long warns kick off their twenty nineteen twenty twenty season in Austin Saturday night they'll be a special tribute on their iconic helmets in addition to the burnt orange long worn on the side the player's number on the back each element will contain a black sticker with the number thirty two it's in honor of long worn grades Cedric Benson who died earlier this month at the age of thirty six you can hear the game against Louisiana tech right here on twelve hundred W. away.
"tencent" Discussed on KTRH
"So if you run a marathon, download their app and run the risk that, that location, may or may not be participating and run the risk that they still have any left, you might get a free tencent comb, if you're lucky and you live in right? Let's go to Dan, Dan, you're on the Michael berry show Europe. Next go ahead. Dan? Michael earlier in the week, we talked about reparations, and I wanted to make a comment away. I don't think reparations be. But I two very quick back of the ten to twelve million Africans were brought to the western hemisphere, left and five percent ended up in the United States over ninety five percent ended up in the Caribbean and South America and second over three thousand black landowners owned over twelve thousand black slaves during slavery. Now, you said they shouldn't be paid because they didn't suffer from slavery, and not only did current American or app current African Americans suffer from slavery. But they've actually benefited as a result of their ancestors being a slave. They like every other American auto wake up every day. And thank you lucky stars. They were born in the United States. You know, if someone wanted to pay reparations and undue, harm or correct, an act, and make something right? Then the only reparation that ought to be offered is opportunity to. Renounce your American citizenship. Give up your passport and be paid reparations and compensated move back to Africa. And I bet there's no one wants to do that. Well, thank you for the call. I would say this. I think that the strain. Placed on this country from the stain and it is a stain of slavery. Is remarkable dramatic and profound. I don't think that is to be underestimated. And I don't think that the effects of slavery can be addressed in one generation or two. I don't think it's fair to say that for those who were descended from slaves. I don't think it's fair to say that upon a Mansa pation. There you go. Enjoy the opportunity, most slaves, did not even freed did not have the skills to participate in the new America and take full advantage of the abundance. That is a fact, not the least of which because they were they were kept from literacy, and the case of Frederick Douglass is a great example of that. Then I think you have to consider that, that the next generation, and the next and while many amazing extraordinary blacks went on to be Langston Hughes. For instance, Ralph Ellison or a number of great writers thinkers, teachers scientists business owners. I think you do have to you do have to acknowledge there was a long term profound effect on blacks in this country. And I don't know the point at which we say, all right. We're marking from here and we're all starting fresh, and we recognize that some of us came from a poor village in Yugoslavia in some from Nigeria last week and some from Botswana last week in some from Indonesia, and some were in a Japanese internment camp in summer the descendants of slaves. But in two thousand nineteen this cannot happen, it, it is disruptive. It is destructive. It is not in good faith. It is not intended to solve problems. It causes more than it solves. But it does not hurt to say there was a time and, and the effect was profound, and I don't think you can just say, what you're looking great grandparents were slaves. Otherwise you live. Talk radio. The Michael berry show, if you're lucky you meet special people, they're just special you love them. You appreciate them that's county and Billy staggered to me they own accord in design by all my wife's jewelry from them. My mom's jewelry for them. And I send everybody to them in friends would their big sponsors of our oakridge voice concert on July twelve a big thanks to them for that. And I would ask you, if you're buying diamond buy it from them, two eight one four eight to forty seven fifty five. Having troubles starting your trimmer..
"tencent" Discussed on This Week in Tech
"This Chinese information for the national public credit information center in addition hundred twenty eight people were blocked from leaving China. This is Social Credit. We talked Amy on Friday about China's BRI their their foreign investment and outreach. And how you think they're gonna expect export the social contract, social, right? So that's yeah. So that's part of the what my new book the big nine is about. It's about the nine big companies that control the future of artificial intelligence because they have the lion share of patents. They are building the frameworks the chipsets the custom silicon. You know, their funding and partnering with the schools where in the universities where courses are being taught and three of those companies are based in China, those are by do Alibaba and tencent while they're independent companies. They very much work under the thumb of aging and there've been a couple of sort of important things that have happened in China over the past couple of years for one China's president is brilliant. His name is Xi Jinping. And he's. President. And they've recently changed how things work so he's affectively president for life, which is very easy way to consolidate power to to push. New regulations and big strategies through so one of those big strategy is something called the B R I or the Belton road initiative and initially. People thought that this was about China rebuilding its old silk trading route for the purpose of economic development and trade. However, it's important to look at. All of these things with with a bigger broader lens. So China currently has fifty eight pilot countries that are not just getting physical infrastructure built. But also digital infrastructure, which is why there is five G rolling out. It's just not rolling out in the US. It's rolling out in part in China. But also among these fifty eight countries, they're leaving, they're laying fiber. They are helping these countries many of which have autocratic leaders like the Philippines. They're helping them start to collect data on all of their citizens using many of the same tools and a in recognition systems and all the rest that are currently in place in lots vast parts of China and this same soc parts of the Social Credit score is now being deployed to other countries around the world, and you may say to yourself. So what like I'm an American or I'm wherever you have Canadian, I'm German. I don't I don't live there. What does that matter? I think the reason that this matters is again, if you model out what this looks like over many years to come to me, it seems entirely plausible that China is building rebuilding the world and subdividing it in a sort of new world order with China at the helm. And it's. They have him Bishop of world domination or is it an economic? So I think it's both when we talked a little bit about this on triangulation. Some of this is that China's got trying to approaching one point four billion people. It's a lot of people spread out over a very big swath of land. So part of the social control in part because while China's economy may have slowed down a little bit. It's on up it. It is over it's utterly trending in all of those people are about China's about to see upward social mobility at scale. We've never seen before in human history. These people are going to want to buy stuff. This is good. They already want by style. Good. And it was a it was a futile economy one hundred years ago. The problem is that China can't build and by manufacturer all the stuff that all of these people need so part of this is. Renegotiating trade agreements and building new trade partners. Awesome. That's part of it. I will be perfectly blunt the other part of this is that China really doesn't love our western democratic ideals..
"tencent" Discussed on 860AM The Answer
"Okay. Vitamin d improves exercise performance, and reduces cardiovascular disease risk. This was not new but worth repeating this research supplementation could improve exercise performance lower the risk of your heart disease. According to the study indicated that it may inhibit the production of cortisol, which is your stress hormone and most people have higher levels than they need to which can raise your blood pressure. Also when researchers compared the results of fitness tests conducted before and after the study period, they found that those taking vitamin d we're able to cycle in this case six point five kilometers in twenty minutes compared with only five kilometers at the beginning of this study and showed lower signs of physical exertion despite cycling thirty percent further. So that's good news and getting Hansie with the volume of your workout. Here's well established and tencent aid. Tuning into your a lot of people tune into high tempo or stimulating music during their sport. But what about tuning into your opponent? That's a far smarter move. If you do it during a sport or competition from the frontiers of psychology, they found that listening to music increases your risk taking behavior, but did not improve performance. So if you're in competition with somebody. Maybe for training purposes. Do the music route but not for for the actual competition. All right in matters of sexual health..
"tencent" Discussed on KDWN 720AM
"Tencent has created a list of guidelines for strimmers in China, which falls up in the country's requirements for internet governance, including the list are predictable things like no, inciting violence or giving up people's private information. But also, abandoned discussing religion, politics, nationalities or regions. In addition. There's a catchall rule of not creating any negative social influences, which is quite Bank that just seems like a blanket term to get anyone in trouble for any reason. Yeah. At any time, don't like this. So this is the end like it's creating a negative social influence define that. So when. To define that very specific. Tencent has to do something to impress the Chinese government. So that they can get their games published again. Okay. I is this what it is. Is this? What has vented tencent games from being able to be brought into the country? I have no idea. I doubt it. You have to be so hard. We've speculated on this in the past. But could it just be something as simple as voice chat in being toxic? Yes. Yes. Negative. So if somebody recorded you, and it was your navigational evidence of your name, your voice going off in. That's you. Yeah. Easily toxic chat could be a jailable offence. I guess oh my gosh. This is this is obviously ten cents guidelines not necessarily the Chinese government's guidelines. Scary. But tencent has had their games, basically, not I don't want to say blocked, but no new tencent games have come into the into the country in almost a year. This is probably in. This is all speculation. This is probably the Chinese government saying this is what we need you to do to grazier game. Do you have to assume that any move that ten cent makes at this point? Is course correction to try to fix whatever problem the Chinese government has and now I'm just wondering, maybe that's the big issue. The list of sponsors continues to grow.
"tencent" Discussed on Kinda Funny Games Daily
"Ten cent is looking to increase its investment in the battle royale genre. The South China Morning post today reported that the Chinese firm is in talks with electric arts should bring a respond entertainment developed, apex. Legends to China. Ten tencent already handles Chinese distribution for a number of battery. I titles most notably fortnight parentheses from epic games in which tencent holes minority stake and and player unknowns battlegrounds. Can you imagine having so much money? Yeah. In a country with so many people that you could just be like, hey over there in America. There's something's making all the money which going to bring him here. We got it going to pay for that too. Then make insane amounts of money here. Yeah, they have four and and. Gee at her trying to get a legend good for go, get them tense. It's interesting. You know, tencent was we've talked about him every so often there was that undercurrent of news for a while about how they couldn't publish games for a while in China. And it was that thing of their profits are falling, and it was the concern that if they toppled they bring a lot of American companies with them because they have minority stakes things way epic and majority to that cleared up there doing that again. So here we are back to it back to business as usual, just keep getting apex legend, speaking of apex ledges and James industry, biz James bachelor talks about this. There's a lot of people watching people play apex. Legends the free to play battle royale title, achieved the fourth highest single views in five years. Thanks to the twitch rivals event arranged by developer respond and the streaming from earlier this week on February twelfth apex. Legends fans.
"tencent" Discussed on MAD MONEY W/ JIM CRAMER
"But most of the earnings come from this kind of thing, it's only really in China's called micro payments little digital gift certificates the micro payment economy is gigantic in China. And this may be the best way to play it. Now, tencent music gave us as given us a twelve percent gain since is recommended six weeks ago. And I think it's got more room to run. But to main tencent music is the exception that proves the rule it's a major company that's the subsidiary of the largest visit one of the largest business in China. Plus when people call tencent music, the Chinese Spotify. It's not just an analogy. Spotify believes in the story so much that they themselves own nine percent of the company both Chinese IPO simply throwing kind of sponsorship. So once again, I want to review because this ant, I'm doing this. Because so many of you have asked me these questions, and I don't mean just brush you off when you take a look at the thirty one Chinese companies that took their companies public in the US last year, you seem pretty much the same thing we've seen we've been noting for years most of these tiny Chinese IPO's are of Dubey. This quality. With stocks simply aren't suitable for the average individual investor unless you're professional within office and shy. Most Chinese IPO's are not worth the risk. Nearly fifty five percent of these stocks are down from where they came public. Forty five percent or down by ten percent or more again lousy odds. And remember this is assuming you can even get in on the IPO itself. Suddenly it's hard to do unless you're institutional money manager. If you bought these Chinese stocks on the open market, the returns are a lot worse because the few big winners tend to be snapped up early. So whenever you hear a story about a fresh new IPO from China that sought stocks were right now the gate, I'm begging you, please. Would you take a page from the Larry David playbook in curb your enthusiasm just hit this Chinese class in two thousand eighteen only a little more a little more than a third of these stocks are up from their clothes on first day nearly two thirds or down. That's terrible. I've always been skeptical about investing in Chinese companies that take themselves public here in the United States for every high quality stock like, tencent music entertainment. There are a half dozen much lower quality names that turned out to be totally toxic. And this is doubly true. Now that the Chinese economy is having its worst slowdown in decades. Bottom line, a cipher a few obvious exceptions, most of these IPO's from China or simply not worth the risk, frankly, if the White House wants to ratchet up the pressure on the PR, see they should think about making it more difficult for Chinese companies to excess American capital markets. Why haven't they fought of this? It will give us more leverage in the trade war. And I think it'd be a net positive for investors. But I guess Trump has bigger walls to fry. Ryan carolina. Ryan get there. Hey, how're you doing? Jim Ryan, I'm doing well. How about you not bad? Hey today. I'm calling to ask you about a company called USA and their their company that operates a an online news car transaction service platform. It. It it offers.
"tencent" Discussed on Unchained
"Like what about we probably decide star on things? So I can be photon crypto. So that's my background an for your venture. You are Dan wa- ventures. Right. Yeah. That's right. And it just describe who they are. Oh, yes. So let Denver capital has to be on so lay. It has been a pretty like. Major Asian background venture fund in Silicon Valley. And and so I think at the top are our a UM. So let down house that total. The total AM was over. I have a Bill in. And so it is actually backed by some divert tops to cheat in money like Alibaba by tencent cetera. So that's why he has been a leading force of decide Asian investor so individually, and Eric what about you? How did you get into crypto? And if you have anything to add about how you came to start primitive ventures. Yes. So I I went to college in China actually, also was picking university, and I'm also Jewish and so I guess those things kind of conspired to make me really excited about bitcoin. So unlike twenty thirteen. Let me elaborate his his his his back because I guess my interesting bitcoin, I think is a lot more political than a lot of investors. And what comes from his is, you know, as a Jew. I read historically about how when the Jews have been oppressed in various countries, really the first thing that happened kind of the predecessor to genocide was people's financial assets would be frozen in. So like every every Jew has some story about how ancestors had to flee with basically just the clothes on their back in. So when I heard about this form of digital money, though was completely outside of government control. I thought that was like an incredibly exciting thing really from from a political perspective. I wasn't that interested in in the tech into this..
"tencent" Discussed on KDWN 720AM
"About alley. Those discussions are ahead this hour here on checkpoint XP, but first let's check in with Sarah's gothic over at the checkpoint news desk and get a gaming news. Update news update with Sarah scalping, ladies and gentlemen. We ended up says program to bring you important. Over the course of last year. We've been following the game situation in China new games haven't been released in the country since March of last year. Now, it seems that window has reopened. But with a major player missing from the equation of the eighty titles approved last week for release a single one was a tencent property now. This seems really weird and a reversal of what we saw just last year which seemed to be a pretty much like a rubber stamp for anything that had ten cents name on. Yeah. I mean, I'm not sure what has shifted in China. But it seems like they're going after ten specifically by excluding them. I think it probably has something to do with the fed. Tencent has so many so much investment in western companies and brands today is as tencent is I'm actually surprised they were able to find eighty games at their fingers weren't already. An and that's a good point. Tencent is one where they have been the poster child for like Chinese. Gaming now for the better part of last decade. They've been huge for a long time. It is so weird to think that they would have some kind of falling out of China, especially because they were the ones who are kind of spearheading like the whole like you have to have the facial recognition on your phone. He can only play so many hours a day. If you're under eighteen that was them spearheading that had something to do with it though. Like, I mean, Kaz tencent did seem to be a little bit more proactive when it came to trying to curb some of the more negative aspects of gaming addiction. So maybe that had something to do with it. Maybe that was putting in roadblocks for some other company or business interests that they were concerned about what is ten cent has, you know, a patent on something that they've done with that major recognition stuff that they may not be willing to Davos to the Chinese government all very interesting, but totally. Yeah. No idea. Behind us. We can now take a look at the year in review, and it was an amazing one for epic games on the back of fortnight. They reportedly posted over three billion dollars in profits. While the company has many source of revenue through the unreal engine. Fortnight was far and away the biggest breadwinner of two thousand eighteen despite being free to play the game is once again shown that micro transactions are far and away the most profitable model gaming. Yeah. I feel like some people like you need to hear it again to understand that's billion with a B, and that's not three billion dollars in revenue versus your cost three billion dollars in Robbie at three. Billy to spin the. Yes, that's ridiculous. That is an unreal. Part of why fortnight, you know, kind of continues to stay relevant every month or every other month, they're reinventing that math reinvent in that game in some way shape before they can do that. Because they keep making so much dang. Oh, mum is an early acts on their on their splash screens. But I mean like this was really driven home to me over the holidays win one of my little cousins as soon as he got a check from his grandma win to my cousin and was like, oh, can I turn this box? And it was like, oh my gosh. So like the first thing that he asks for and that to me was I I mean that that was a huge messaging that. Wow, four now, you're really has figured out the way to market specifically to a very very young demographic. What really surprises me most about this too is the does fortnight have actual boxes. Everything you buy in fortnightly your outright buying aren't you? Family boxes. Japan. Yeah. Jonah even this late in its life cycle the piece for is continuing to move units. It's now sold over ninety one million units in his lifetime bullied by an additional five point six million units sold over the holidays this year. And addition Spiderman alone is responsible for over nine million sales. Wow. You know, what this? That if games are continuing to be developed a way they're going to be developed and people are still selling consoles this late into a cycle. We may not see another cycle come this soon. Again, we may this may be the last time where we see. Okay. Ten years and years, and that paradigm is probably over. I think the hardware is good enough now to where really is just depending on how strong internet infrastructure is in your town. No, you're you're kind of right? I mean, I think that we've kinda, you know, there was a there was a tech demo that was shown off by Avak where they had Andy circus act a whole bunch of a whole bunch of wines in the digital rendered Kathy. Yeah. It was like real time motion capture, and it was like one of the most impressive graphical feeds that I've ever seen. And again, this was being John in real time. And so I do think that we've kind of hit almost Pete graphics technology. If we're not very yet. We are really close. And I don't know what the next stage in evolution of games is an that's what I think all of the investment around VR AR is all about because it's like, how do you place? More junk piles on a map. Yeah. Realistically. How do you make a game more realistic than they already? Are. I think that you know, the photo realism aspect of video games has been pushed to its very limits. So it's it's kind of a mystery where it goes from here at the PS four pro in the Xbox One asset shown us anything as well. What we are all one hundred percent ready to buy these side grade councils consoles as well, I think, you know, frame rate is the like stats leagues that are going to start being much more important signifier is moving forward than they used to be. So yeah, I think that that's just the next step in the evolution of graphics technology. Intenders hybrid council is getting another third party port as Capcom has announced that their popular two thousand twelve RPG dragon's dogma dark arisen will be releasing on the switch release date is set for April twenty third and will cost thirty dollars thirty balls. Do you have ready Dhamma was? The original release. I played through maybe half of dark arisen before. I had to move onto something else. I'm really excited to be to be able to play this on my switch fame. What what a great game for the switch. Perfect vehicle for super excited. Can't wait. Yeah. It was speculated that the new alien blackout with the announced that the game worse this year. But that announcement didn't come until this week. The new title will continue the adventures of Mandra Ripley from alien isolation. In addition, it will be a mobile title. Diablo immoral. Pretty hilarious. Although I've seen footage from it. All these it looks okay to me. Listen. Association. I honestly think that we as gamers need to start getting comfortable with this that this is going to keep happening because it's more efficient and effective. List is Kiera. They're gonna make more money doing that. Yeah. Blood-stained ritual of the night continues to edge closer to its release sometime in two thousand nineteen but they've canceled. Another two versions of the game following the cancellation of PS, Vida. And we you version of the game. They've now cans the MAC inland. Expels of it to be fair. The you version was cancelled in favor of a switch version. Yeah. This was okay. I'm not worried about cancelling like verdicts like Lennox and MAC, much media, Pokemon. Go continues to bring an impressive numbers the game. Brought in just under eight hundred million dollars in two thousand eighteen marking a thirty five percent increase in revenue over two.