WeChat

HSBC caught in the crossfire of Trump’s trade war

TOKYO – Of all the things HSBC Chief Executive Officer Noel Quinn thought 2020 might hold for his bank, becoming a key proxy in the US-China trade war probably wasn’t among them. Covid-19 was disruptive enough for Europe’s biggest bank. As Quinn warned in August,…

Judge Blocks Order to Ban China’s WeChat

U.S. Magistrate Judge Laurel Beeler blocked an order by the Trump administration on Sunday that would have banned Chinese-owned messaging application WeChat from the Google and Apple app stores. Judge Beeler said that the order presents First Amendment concerns for users of the platform. 0…

China retaliates against US sanctions

China said Saturday it had officially implemented a mechanism enabling it to restrict foreign entities, a much-anticipated move seen as a reprisal against US penalties imposed on Chinese companies such as telecom giant Huawei. An announcement by the Ministry of Commerce – a day after…

China in Focus: US to Ban Access to WeChat, TikTok

The U.S. is set to ban TikTok and WeChat this Sunday. And if other Chinese-based apps raise the same national security concerns, they will face the same fate. U.S. sanctions not only hit Huawei’s mobile phone production hard, but are likely affecting Chinese passenger plane…

Chinese State Media: ‘Defiant’ TikTok Refuses to Sell Operations

China’s state-run Global Times on Thursday praised “defiant” ByteDance, parent company of the video microblogging platform TikTok, for refusing to sell full control of the platform to an American company to avoid getting banned by the Trump administration. 0…

NTD Business Full Broadcast (Sept. 18)

The U.S. will block Americans from using Chinese apps WeChat and TikTok from Sunday midnight, citing national security concerns. American farmers will get another $13 billion in aid. It’s part of the federal government’s efforts to prop up the industry. Markets are down today and…

Trump Administration Banning Access to Chinese Apps WeChat and TikTok

President Donald Trump’s administration will block Americans from accessing China-based applications WeChat and TikTok, citing national security concerns. WeChat will be banned starting Sept. 20, while TikTok will be banned as of Nov. 12, the Commerce Department announced. President Donald Trump on Aug. 6 issued…

When ‘WeChat,’ the CCP Listens 

Commentary Disney’s remake of “Mulan” drew waves of criticism for filming near the Chinese Communist Party’s (CCP) mass internment camps for Uyghur Muslims in Xinjiang, a region in China’s far west. There, under increasing surveillance and repression, the predominantly Muslim, Turkic-speaking ethnic minority struggles to…

Upcoming US WeChat ‘Ban’ Won’t Target Its Users

NEW YORK—A looming U.S. ban on the Chinese app WeChat won’t target people who use the app to communicate, according to a government court filing Wednesday. President Donald Trump issued orders on Aug. 6 that targeted WeChat and TikTok as national-security threats and imposed a…

Senator Urges Additional Ban on Tencent-Owned Mobile App Over Security Threats

Sen. Marco Rubio (R-Fla.) is urging the U.S. administration to extend a transaction ban to WeChat’s sister app, QQ, in a bid to counter “hazards posed by high-risk Chinese telecommunications hardware and software.” Like WeChat, the instant messaging app QQ is developed by Chinese tech…

European fintech must follow Asia’s lead

The predictions were grim. As businesses from London to Lahore closed their doors in April, economies around the world went into free fall. The World Bank announced that global remittances could decline by 20% by the end of the year. Given that remittances fell by…

India Announces Additional Ban of Over 100 Mostly Chinese Apps

India has now banned over 200 mostly Chinese mobile apps, citing their collection of user data as a national security risk. India’s Ministry of Electronics and Information Technology issued the latest ban on Sept. 2, naming a total of 118 mobile apps, according to a…

Time to buy China’s smoking hot equities

Chinese stocks don’t look as cheap on a valuation basis as they did in January 2019 before a 60 percentage point gain in the CSI 300 Index. As we explain below, China’s equity market valuation rose as currency risk shrank. We are a long way…

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