While the company is reportedly planning to expand into the US market, some analysts are concerned that the Chinese government could ban it from the country altogether. The move could be a sign of an escalating political conflict between the United States and China. While the company was founded in the late 90s, its growth has been explosive. In Q2 2017, it teamed up with Baidu to develop AI apps for self-driving cars. It also joined forces with Guangzhou to develop smart cars.
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Although the company is known for its mobile and social games, it is also making significant advances in the gaming industry. A recent update announced that Tencent will launch Call of Duty in China, and it will distribute more than one million Switch consoles by the end of the year. These advancements are part of a broader strategy to make the company a more innovative player. However, if the company is to grow in the U.S., it needs to expand its online game offerings.
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The company’s strategy for the 2020 fiscal year is to enhance its online gaming platform and create a more appealing and accessible gaming environment for younger users. The company also plans to enhance the social experience for young users with AI-powered video games. In the business of online payments, it is committed to enhancing its services for consumers. It plans to distribute more than a million Switch consoles by the end of the year. It has a diverse portfolio of products and services and is committed to innovation.
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