Tencent: it is seeking the US side to explain the wechat ban, which should refer to the US region

category:Internet
 Tencent: it is seeking the US side to explain the wechat ban, which should refer to the US region


Analysts also asked how much of the advertising revenue on Tencents domestic platforms came from American companies.

James Mitchell said that if you look closely at the ban, Trumps ban clearly points to the U.S. region, so he doesnt think it will have an impact on the companys advertising on Tencents Chinese platform.

According to a separate report, Luo shuohan, Tencents chief financial officer, said the U.S. ban was mainly focused on wechatapps U.S. business, rather than the companys other businesses in the United States. Tencent is seeking more explanation from the US side, he said. On August 6 local time, U.S. President trump signed an executive order saying that tiktok and wechat pose a threat to the national security of the United States, and will prohibit any U.S. individual or entity from conducting any transaction with tiktok, wechat and its Chinese parent company in 45 days. On the evening of August 7, Tencent Holdings (00700. HK) issued a clarification notice saying that the company was reviewing the potential consequences of the executive order in order to better understand its impact on the group. The company will issue further announcement in due course. At the conference call, Tencent executives also elaborated on overseas strategies, including protecting user privacy, focusing on data security, operating in accordance with local laws and regulations, and actively seeking win-win cooperation with local partners. Source: surging news editor: Wang Fengzhi_ NT2541

According to a separate report, Luo shuohan, Tencents chief financial officer, said the U.S. ban was mainly focused on wechatapps U.S. business, rather than the companys other businesses in the United States. Tencent is seeking more explanation from the US side, he said.

At the conference call, Tencent executives also elaborated on overseas strategies, including protecting user privacy, focusing on data security, operating in accordance with local laws and regulations, and actively seeking win-win cooperation with local partners.