Tencent's stock fell as much as 10% after Trump issued a vaguely-worded executive order banning US individuals and companies from doing business with its chat app WeChat.It was initially clear whether the order targeted Tencent's entire business. Tencent has a big presence in gaming, with stakes in Epic Games, Activision/Blizzard, and Ubisoft.
The order, which goes into effect on September 20, prohibits US citizens and companies from carrying out any "transaction" with Tencent-owned chat app WeChat, although the orders were not precise about what counts as a "transaction." The vague wording implied that Tencent's entire business could be impacted, with potentially serious ramifications for the US gaming industry.largest gaming company in the world
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Shameful and disgusting politics. Only make US Worse!
My family cussed Herbert Hoover as a child. looks like my sons and grandson will be cussing Trump after I'm dead a gone. We haven't seen nothing yet. The Great Depression in 1930 will look like child's play after Trump and the McConnell Republicans are done.
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