Tencent's Spending Spree from Gaming to Investing

Tencent is actively expanding its market presence and technological capabilities. It has acquired a virtual banking license in Shenzhen, partnered with ZTE for 5G cloud gaming, and invested in fintech and streaming companies globally. Tencent is also collaborating with BMW on self-driving cars and developing new games with Pokémon. Additionally, it is negotiating a stake in a major record label and planning to raise $5 billion from banks, showcasing its diverse investment strategies.

What strategic move did Tencent make to enhance its gaming console sales?

• Revived stalling switch sales in China

• Launched a new gaming console in Europe

• Acquired a gaming startup in Japan

• Partnered with a US gaming company

Which company did Tencent collaborate with to test 5G technology on cloud gaming?

• Huawei

• ZTE

• Nokia

• Samsung

In which country did Tencent invest $100 million in a local streaming company?

• United Kingdom

• United States

• China

• India

What is the purpose of Tencent's partnership with BMW?

• To develop electric vehicles

• To create self-driving cars

• To enhance car entertainment systems

• To improve car manufacturing processes

What financial strategy is Tencent planning to undertake to raise funds?

• Entering the loan market

• Launching a new IPO

• Selling existing assets

• Issuing new shares