Billionaire Gaming Brothers Are Now Tencent’s Biggest Rival

(Bloomberg) — The coronavirus pandemic has created a new gaming giant, boosting the fortune of its two founding brothers.

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Thanks to a rush of new gamers, Playrix has become the world’s largest mobile-game developer after Tencent Holdings Ltd., according to researcher AppAnnie. Its founders and sole owners, 38-year-old Igor and Dmitry Bukhman, 35, have more than doubled their wealth and are now worth $3.9 billion each, according to the Bloomberg Billionaires Index.

That didn’t happen by accident: At the height of the health crisis, as companies cut down on advertising, the mobile-game developer took advantage of lower ad prices to increase its marketing. Monthly users surged 50% to 180 million at the peak of the outbreak, and sales jumped about 60% to $1.75 billion in the first eight months of the year, the company said. The number of gamers has since stabilized at 150 million monthly.

“Successful games

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Chinese tech giant Tencent’s WeChat app sees downloads surge before U.S. ban

HONG KONG (Reuters) – Chinese tech giant Tencent’s WeChat messaging app has seen a surge in downloads in the United States since Friday after Washington confirmed it would push ahead with a planned ban of the app, data showed on Tuesday.

The U.S. Department of Commerce issued an order requiring Apple Inc and Alphabet Inc’s Google to remove WeChat for downloads on national security grounds, but a U.S. judge blocked the move on Sunday. The U.S. Commerce Department said on Monday it will challenge the order.

WeChat was installed about 54,000 times between Friday and Saturday, 28 times the 1,900 downloads seen in the same two-day period a week before, according to data analytics firm Sensor Tower. It said WeCom, an office collaboration app, also saw a jump in downloads in the United States over that period.

The United States has launched a series of measures in recent months cracking

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