How Trump’s war on WeChat could upend the global tech industry
CNNCNN Business — President Trump’s executive order last week banning TikTok if it doesn’t find a buyer by next month potentially threatened to upend a vibrant social network and the broader social media marketplace. By targeting a Tencent property, the Trump administration may put a “serious damper on Tencent’s global expansion ambitions,” Sundararajan said. Beyond that, the Trump administration’s moves could further disincentivize Tencent and its peers from investing in and partnering with US tech companies. Demers also said the administration’s actions over the past year are intended to “ensure that we have trusted vendors from trusted countries – and that is countries that share our same political values – that are running these telecommunications networks over which our entire lives are already running and only will run more so in the future.’ Whether the Trump administration stays focused on WeChat or probes Tencent more broadly, its moves could fundamentally change the digital marketplace.