U.S. response to WeChat's ban on Tencent: under evaluation
According to CCTV, on August 6, local time,The United States announced that it would prohibit any US company or individual from trading with tiktok parent company byte skipping and wechat parent company Tencent in 45 days.
This means that byte hopping will complete the transaction with tiktok within 45 days, or it will be banned from operating in the United States.
After the news came to light, Tencent's share price fell in response to the news, falling 10% at one time in the session to the lowest of HK $499.4, with a market value of HK $5 trillion in Tiepo. Before the deadline, Tencent shares retreated to HK $527.5, but still fell 5.04%.
According to the latest reports of domestic media,Tencent spokesman said on Friday, Tencent is evaluating the executive order for full understanding. As of press release, byte beat has not yet responded to this message.
According to Sam Dean Los Angeles Times, White House officials said the presidential decree was limited to WeChat and WeChat-related companies, not Tencent-owned game companies.
Therefore, riot's "League of Legends" and epic's "fortite" will not be affected for the time being.