Game News · September 10, 2021 0

Trump’s TikTok and WeChat Ban Decision Could Affect the Gaming Industry

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White House officials confirmed to the LA Times that the executive order regarding Tencent and WeChat only blocked WeChat-related transactions.

The President of the United States, Donald Trump, had prepared an order banning TikTok and WeChat from operating in the United States unless they were sold by their Chinese parent companies ByteDance and Tencent, respectively.

According to what CNN reported, the restraining order for TikTok’s parent company is ByteDance Ltd., which is subject to US jurisdiction if it “does not meet the requirements” after 45 days. will be banned.

In addition, Tencent may be affected by this ban. Tencent has many investments in US companies. It is fully owned by Riot Games, the developer of League of Legends and Valorant. It also owns a large stake in Epic Games.

It also holds major stakes in Tencent, Activision Blizzard, Clash of Clans’s Supercell, and Ubisoft. He also manages games such as Call of Duty Mobile and PUBG Mobile, which are the most popular battle royale games of the last period.

While it’s hard to predict at the moment what will happen to these companies and apps in the US and how this will affect the gaming industry in general, Gamer. com. As the tr team, we will share with you the developments on the subject.