WeChat

The potential move would present a fresh hurdle for Tencent.

Returning to China for retail business in 2021 is not the same environment as it was in pre-Covid-19 times.

"The objective of sustained attack on Huawei was to drive it out of the global market." - Daryl Guppy

This pattern of coercion has three aspects and it starts with Huawei.

US WeChat users argued the prohibitions would violate the free-speech rights of millions of Chinese-speaking Americans.

The WeChat owner jumped as much as 4.2% in Hong Kong on Monday after it was said that the Trump administration is privately seeking to reassure US companies that they can still do business with the app in China.

US users often share info with friends and family in China. By banning WeChat, Trump is closing a vital crack in the firewall.

“The U.S. ban on Chinese internet companies will have little impact on the revenue and earnings of most listed Chinese internet companies,” - Jian Shi Cortesi, fund manager at GAM Investment Management in Zurich

The Trump administration’s move to ban US residents from doing business with Tencent Holdings Ltd.’s WeChat app has erased US$34.6 billion ($47.3 billion) from the Internet giant’s market value.

The UK has caved in to demands from the US to ban Huawei. The US has removed Hong Kong’s special status and imposed sanctions on Chinese companies and legislators.