Well if 2020 was not bumpy enough Trump is now focused on the company Tencent.
It will be interesting to see how this effects Tencent's share price. I am not sure what the knock on effects will be for Epic, Supercell, Ubisfot, Riot, Activision Blizzard, Snap Chat, Spotify, Tesla and many more companies as Tencent has a large stake in so many companies.
I am sure it will be in the news today and it will help explain and uncover what is going on.
I'm not a huge fan of Tencent, they've done some shady things, and are partially responsible for the censoring of that doctor on Wuhan who tried to warn everyone of this virus, but banning them could have far reaching consequences.
Luckily, judging from the article Trump's only targetting wechat
UPDATE 2:25am, August 7 - The LA Times is reporting
that a White House official tells them “the executive order concerning
WeChat only blocks transactions related to WeChat, not those involving
other Tencent holdings”.
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