CHINA-US: U.S. BANS NEW DOWNLOADS OF CHINESE APPS AND CASH TRANSFERS VIA WECHAT
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The U.S. Commerce Department said (September 18) that the US will block new downloads and updates of Chinese-owned social apps WeChat and TikTok with effect from September 200. Cash transfers through WeChat in the U.S. will also be banned. The statement said all business transactions related to WeChat and its parent company Tencent Holdings Ltd. within the U.S. will be prohibited. TikTok was given a November 12 deadline for a complete ban as the company is negotiating a deal with Oracle Corp. to satisfy the Trump administration. The US Commerce Department cited President Donald Trump’s August 6 executive order to restrict the two companies. TikTok said it will "continue to challenge the unjust executive order," while Tencent pledged further communication with the U.S. government for a long-term solution.
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