IV. Much of China's international investment in the industry will depend on actions taken by the new Biden administration in the United States. Any action, whether this is directly against Chinese firms, as has been demonstrated in the latter days of the Trump presidency, or by taking a harsher look at monopolisation in general, will likely lead to a continuation of Tencent and other China-based giants' recent investment focus on European and SEA markets. At this early stage it appears that the Shenzhen colossus' directors are highly optimistic about its US operations, with rumours suggesting the firm is considering a multi-billion dollar debt financing round in order to support a US or South Korean acquisition. Electronic Arts (market cap: USD$42.406bn); Take-Two Interactive Software (market cap: USD$23.481bn) and Zynga (market cap: USD$11.135bn) have been touted as potential targets, though it is important to stress that this information is uncorroborated at this stage.