An icon of Chinese app WeChat is displayed among other apps on an iPhone, in Beijing. US President Donald Trump has issued an executive order to ban US transactions with Chinese companies Tencent and ByteDance. EPA
An icon of Chinese app WeChat is displayed among other apps on an iPhone, in Beijing. US President Donald Trump has issued an executive order to ban US transactions with Chinese companies Tencent and Show more

Markets

Trump's WeChat ban wipes $30bn off Tencent's value

Before Friday’s drop Tencent was worth $686bn, making it the world’s eighth-largest company by market capitalisation

Bloomberg

August 07, 2020

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