Tencent says US executive order only affects WeChat, not its other businesses | HT Tech

Tencent says US executive order only affects WeChat, not its other businesses

Tencent is in the process of seeking further clarification from relevant parties on the executive order from the Trump administration.

By:REUTERS
| Updated on: Aug 13 2020, 00:00 IST
The Tencent Holdings Ltd. WeChat app is displayed in the App Store on a smartphone in an arranged photograph taken in Arlington, Virginia, U.S., on Friday, Aug. 7, 2020. President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing business with the Chinese-owned TikTok and WeChat apps beginning 45 days from now, citing the national security risk of leaving Americans' personal data exposed. Photographer: Andrew Harrer/Bloomberg
The Tencent Holdings Ltd. WeChat app is displayed in the App Store on a smartphone in an arranged photograph taken in Arlington, Virginia, U.S., on Friday, Aug. 7, 2020. President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing business with the Chinese-owned TikTok and WeChat apps beginning 45 days from now, citing the national security risk of leaving Americans' personal data exposed. Photographer: Andrew Harrer/Bloomberg (Bloomberg)

Tencent's chief financial officer said on Wednesday that the firm understood that the U.S. executive order was focused on its WeChat app in the United States and not on its other businesses in the country.

The company is in the process of seeking further clarification from relevant parties on the executive order from the Trump administration, John Lo said during an analyst call following the firm's second-quarter results.

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
28% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage

He added that the firm's WeChat app that is being targeted in the U.S. was different from Weixin, the Chinese name its app is known by in China.

Also read
Looking for a smartphone? To check mobile finder click here.

The United States said last week it would ban WeChat-related transactions in the country in September.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 13 Aug, 00:00 IST
Tags:
NEXT ARTICLE BEGINS