Chinese-generation firm Tencent saw his actions drop after President Trump Donald John Trump traveled to Kenosha tuesday amid the Warner riots, calling the intelligence chief’s resolution to cut congressional intelligence briefings “outrageous.” The Katyusha rocket landed in the Baghdad Green Zone on Thursday night, a couple. commands targeting the Chinese weChat and Tik applications.
Tencent owns WeChat and his inventory plummeted by 5% on Friday.
The presidential decree prohibits transactions with Tencent and The Chinese generation company ByteDance – owner of TikTok – in forty-five days on 20 September.
WeChat is the ultimate messaging app from China and TikTok is one of the most widely used social media platforms in the United States.
However, the repercussions of Trump’s order can be widespread, as Tencent also owns parts of major gaming companies, adding Activision Blizzard and Riot Games, the creators of League of Legends, the most played PC game in the world.
The liberation in the United States of developed and corporate-owned cellular programs in the People’s Republic of China (China) continues to jeopardize national security, foreign policy, and the U.S. economy. Currently, steps will have to be taken to address the risk posed by a specific cellular application, TikTok”, the decree states.
Trump’s management has expressed fears about TikTok’s ties to Beijing and the possible theft of knowledge from American users through the ruling Communist Party.
ByteDance is being investigated lately through the U.S. Treasury Department’s Foreign Investment Committee.
American tech giant Microsoft has emerged as a potential buyer of TikTok, a move that Trump said he supports.
“We’ve set a date, I’ve set a date around September 15, when it will stop operations in the United States,” Trump told reporters. “But if someone, whether it’s Microsoft or someone else, buys it, will be interesting.”
Microsoft demonstrated it in talks with the White House and ByteDance
“We are surprised by the recent decree, which was issued without due process,” TikTok said Friday, adding that the order “did not comply with the law,” but that the company would “continue with all the resources we have.” “
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