This morning, US President Trump signed an executive order prohibiting Americans from conducting transactions on WeChat and TikTok with Tencent and ByteDance after 45 days.
On the evening of August 7th, Tencent Holdings issued a clarification announcement on the Hong Kong Stock Exchange: We noticed that the President of the United States of America issued an executive order on August 6, 2020 to prohibit the WeChat application related to our WeChat and subject to the United States Several transactions under jurisdiction. The company is reviewing the potential consequences of the administrative order in order to fully understand its impact on the group. The company will issue further announcements in due course.
Naijatechnews is informed that if the ban on transactions is finally implemented, it may mean that after 45 days, any citizen in the United States and any person in the United States who is subject to U.S. law may no longer continue to use WeChat and TikTok, otherwise they may face the law. Blow . In theory, when a user uses an App or a service and accepts its user terms, it is to conclude a transaction with the company behind it.
In addition, a US reporter revealed that the administrative ban on WeChat is limited to WeChat-related transactions and does not involve Tencent’s game business.
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