Tag: WeChat
China’s draft payments rules put Ant, Tencent on notice
A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Chinese authorities sent another message this week signaling its plan…
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The race to be China’s top fintech platform: Ant vs Tencent
As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, recognized as Ant’s archrival in China. It’s somewhat complicated to do this, not least because they are sprawled across a number of…
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Judge blocks US ban on WeChat app downloads
TikTok isn’t alone in avoiding a US ban, at least for now. Reuters reports that Judge Laurel Beeler has issued a preliminary injunction blocking a Commerce Department order that would remove WeChat from US app stores by the end of September 20th. Use… Source
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What we know about Trump’s ‘ban’ on TikTok and WeChat
When the Department of Commerce said Friday that it would soon bar all new downloads of WeChat and TikTok from US App Stores, it marked the latest escalation in the weeks-long saga over TikTok’s future in America. The drama has been playing out since… Source
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WeChat user alliance sues Trump administration over threatened ban
TikTok isn’t the only one suing the Trump administration over an executive order that could ban an app in the US. The Financial Times reports that the WeChat Users Alliance has sued the administration over the potential WeChat ban. The user group cla… Source
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Trump executive order seeks to ban Tiktok, WeChat in 45 days
A week ago Donald Trump said that he could and would ban the video sharing app Tiktok, and on Thursday night he issued an executive order to block transactions with its parent company, Bytedance. It’s set to take effect in 45 days, which is just beyo… Source
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