Trump

America’s biggest companies fear being locked out of China after Trump WeChat ban

WeChat, and its Chinese equivalent Weixin, have a combined 1 billion users, but have long been criticised for censoring posts and messages in China and for submitting to demands for information about users from the Chinese state.

Neil Campling, head of TMT at Mirabaud Securities, said: “US companies will be scrambling their lawyers to work out the implications. WeChat is an essential channel for not just communications but also for brands to get access to consumers. 

“Mr Trump risks cutting off that whole area of growth for many corporates.”

His concerns were echoed by legal experts, who warned that US

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Donald Trump bans all US dealings with Chinese owners of TikTok and WeChat

President Donald Trump on Thursday ordered an unspecified ban on “transactions” with the Chinese owners of the consumer apps TikTok and WeChat.

Trump had threatened a deadline of September 15 to “close down” TikTok unless Microsoft or “somebody else” bought it. TikTok, Microsoft and WeChat owner Tencent had no immediate replies to queries.

US Secretary of State Mike Pompeo said on Wednesday that he was expanding the US crackdown on Chinese technology to personal apps, calling out TikTok and WeChat by name. WeChat and its sister app Weixin in China are hugely popular messaging apps.

“The United States must take

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Microsoft pursues deal to buy TikTok’s US operations following talk with Trump

Brief:

  • Microsoft is working to complete a deal to acquire the U.S. operations of TikTok from owner ByteDance by Sept. 15, the company said in a Aug. 2 blog post that indicates Microsoft CEO Satya Nadella spoke with President Donald Trump about the deal. Microsoft said it may invite other American investors to make a minority investment in the purchase.
  • Following those discussions, the software giant said that it was prepared to continue talks to make a deal, subject to a complete security review. After weeks of secret negotiations between Microsoft and ByteDance, the deal almost fell apart after the
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Donald Trump could block OneWeb sale over national security concerns

The business, based in London’s White City, carries out its manufacturing in Florida. OneWeb is developing a low-Earth orbit satellite constellation designed to provide broadband signals across the world. It has launched 74 satellites so far, but eventually aims to have thousands.

Ms Strauss said the sale could be reviewed by the committee on foreign investment in the United States (CFIUS). US law, she wrote, allows the president to investigate any deal “by or with a foreign person that could result in foreign control of any US business”.

If a foreign buyer wins Thursday’s auction for OneWeb, the committee would

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