US President Donald Trump asked a San Francisco judge to stay an injunction blocking a ban on Tencent’s WeChat, arguing the Chinese-owned messaging app jeopardises national security.
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ByteDance has emphasised it will remain in control of a hived-off TikTok Global business, appearing to contradict US President Donald Trump’s statements about how the new entity will be directed by Americans.
A US judge on Sunday blocked the Trump administration from requiring Apple and Google to remove Chinese-owned messaging app WeChat for downloads.
The US commerce department issued order on Friday that will bar people in the US from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok.
The latest additions to China’s list of controlled technology exports could upset a broad range of industries and raise the possibility that some global tech giants might have to split off their Chinese operations.
China is planning a sweeping set of new government policies to develop its domestic semiconductor industry, conferring the same kind of priority on the effort it accorded to building its atomic capability.
India has banned another set of 118 apps from China’s technology giants, including Tencent’s wildly popular game PUBG Mobile Lite and online payments platform Alipay, as tensions escalated between the countries.
The usual agenda of trumpeting China’s chip innovation at a major industry confab was coloured by fears the industry might be next to suffer trade sanctions from the Trump administration.
Tencent Holdings jumped the most in two weeks after White House officials are said to have reassured American businesses that a ban on its WeChat app won’t be as broad as feared.
Chinese gaming and social media giant Tencent said second quarter net profit rose 37%, beating market estimates, on higher demand for its videogames as coronavirus-related lockdowns kept people indoors.