Trump’s WeChat Assault Endangers $280 Billion Tencent Rally – Bloomberg

Donald Trump’s WeChat ban targets a celebrated Chinese innovation at the heart of the world’s largest mobile gaming and social media empire, threatening one of the more eye-catching stock rallies of 2020.
It’s hard to overstate WeChat’s importance to
Tencent Holdings Ltd. It’s the means through which Tencent introduces a billion people to games and other online content, funneling
trillions of dollars in annual payments to brands from
Apple Inc. to
Walmart Inc. WeChat’s reach underpinned…

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