Tencent says WeChat will struggle to attract new U.S. users while White House, courts spar over ban

Chinese social media leader Tencent Holdings Ltd has said its WeChat may not be able to win new users in the United States while the White House challenges a court ruling preventing a ban on the messaging app. Tencent, in a statement filed at Hong Kong’s stock exchange late on Sunday, said it has been evaluating the potential impact of a ban since the U.S. Department of Commerce on Friday issued an order to block WeChat downloads on national security grounds. It also said routine updates of the app for existing U.S. users may be negatively affected should Apple Inc and Alphabet Inc’s Google remove WeChat from their stores.

Continue Reading

HEDGE accordingly