November 23, 2024

How WeChat’s parent company Tencent could be impacted by U.S. ban

WeChat #WeChat

The commerce department announced Friday morning that it would ban U.S. business transactions with China-owned social apps WeChat and TikTok on Sunday. CNBC’s Deirdre Bosa explains the implications of a WeChat ban means for the app’s parent company Tencent as well as Americans who use the app to communicate with Chinese residents.

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