Author: Sam Byford
Illustration by Alex Castro / The Verge
Last night, the Trump administration issued a pair of stunning executive orders against Chinese technology companies, banning US transactions with the companies after a deadline of September 20th. Most of the immediate focus has been on TikTok, which was targeted through its parent company ByteDance — but the second order could have a far more unpredictable impact, targeting text app WeChat and its parent company Tencent.
Tencent is one of the largest tech companies in the world, and it’s spent the last few years buying stakes in video game studios, music companies, and social media apps. It’s bigger than ByteDance, and with significant ownership stakes in Snap, Blizzard, Spotify, and others, it’s far more embedded in the global tech...
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Last night, the Trump administration issued a pair of stunning executive orders against Chinese technology companies, banning US transactions with the companies after a deadline of September 20th. Most of the immediate focus has been on TikTok, which was targeted through its parent company ByteDance — but the second order could have a far more unpredictable impact, targeting text app WeChat and its parent company Tencent.
Tencent is one of the largest tech companies in the world, and it’s spent the last few years buying stakes in video game studios, music companies, and social media apps. It’s bigger than ByteDance, and with significant ownership stakes in Snap, Blizzard, Spotify, and others, it’s far more embedded in the global tech...
Continue reading…
Continue reading...