Trump gives a final blow to Chinese companies

Jan 11, 2021 Tencent Alibaba Group


Trump widens US ban on Chinese apps as his term nears end.

President Donald Trump has signed an executive order banning transactions with eight Chinese apps in an escalation of a trade war that has been unfolding through most of his term. The apps include popular payments platform Alipay, QQ Wallet, WeChat Pay, Tencent QQ, CamScanner, SHAREit, VMate and WPS Office. And the order will take effect in 45 days.

Among them, Kingsoft Office said that the US government's ban on its WPS Office software will not have substantial impact on its development in the short term.The other companies have not issued any response to the ban for the time being.