In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Beyond enabling Chinese business the Oxford deal gives Ant; and Tencent, a beachhead to enter the Canadian market. Once ensconced at the centers the two companies will start marketing their payment options to Canadians.
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If Tencent ever comes to American exchanges, it will be a good investment because of the dividend, the high return on equity and all the growth potential. If any Chinese company has the potential to grow into a tech giant rivaling Microsoft or Alphabet it’s Tencent Holdings.
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The problem is that demand for Redbox’s rental volume is falling off. The service’s usage peaked at 772.9 million in 2013 and fell to 717.1 million in 2014 and 587.6 million in 2015, Variety reported. This affected Outerwall’s revenue, which fell from $2.292 billion in December 2014 to $2.193 billion in December 2015.
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