August 7, 2020 02:13 pm
Illustration by Alex Castro / The Verge
Original Link: https://www.theverge.com/2020/8/7/21358252/tencent-wechat-ban-trump-executive-order-consequences
Trumps WeChat ban could touch everything from Spotify to League of Legends
Illustration by Alex Castro / The Verge
Last night, the Trump administration issued a pair of stunning executive orders against Chinese technology companies, banning US transactions with the companies after a deadline of September 20th. Most of the immediate focus has been on TikTok, which was targeted through its parent company ByteDance — but the second order could have a far more unpredictable impact, targeting text app WeChat and its parent company Tencent.
Tencent is one of the largest tech companies in the world, and it’s spent the last few years buying stakes in video game studios, music companies, and social media apps. It’s bigger than ByteDance, and with significant ownership stakes in Snap, Blizzard, Spotify, and others, it’s far more embedded in the global tech...
Original Link: https://www.theverge.com/2020/8/7/21358252/tencent-wechat-ban-trump-executive-order-consequences
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge