JAKARTA – President of the United States (US) Donald Trump has issued an executive order to prohibit applications from China from operating in the US. In fact, the policy is also aimed at other technology companies, including WeChat.
Similar to TikTok, Trump recently issued an exclusive order to WeChat, a messaging app owned by Chinese tech giant TenCent. The company was asked to share shares with domestic developers in order to continue operating in the US.
Also read:
- WeChat application that monitors its users outside of China
- India Block TikTok et al Post Border Conflict with China
- Microsoft still wants to acquire TikTok despite Trump’s ban
TenCent itself has become part of the US gaming industry and has partnered with Riot Games and Epic Games. The collaboration between the two developers brings popular games such as League of Legends and Fortnite can be played on a smartphone.
Trump’s order for WeChat is also based on concerns over millions of US user data being spied on by the Chinese government. Because of this prohibition, CNN International reported that Tencent shares fell as much as 10 percent in the stock market.
It is known that more than half of Tencent’s revenue last year came from Value Added Services (VAS), which includes the operation of online games. Financial services and payment apps like WeChat Pay account for around 25 percent of revenue, and just under 20 percent comes from online advertising.
For information, the US is the second country to enact laws against TikTok in recent months, after that in June India also banned the application, along with more than 50 other applications and games made in China.
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