Tencent Holdings' American depositary receipts surged more than 5% on Friday as U.S. companies use WeChat in China

US companies use WeChat in China

As the US government continues to threaten to suppress Chinese companies, Huawei naturally needs no further explanation. The United States has used the power of the entire country and its allies to completely ban Huawei and prohibit it from entering the US market. Even TSMC in Taiwan will be banned from manufacturing Kirin chips for Huawei. The United States will not stop until Huawei is defeated. Of course, the United States is not just trying to defeat Huawei at the moment. After U.S. President Trump signed two executive orders on August 6, announcing that any U.S. individual or company would be banned from conducting any transactions with TikTok's parent company ByteDance after 45 days, he then introduced policies to ban U.S. individuals and companies from conducting any transactions related to WeChat with Tencent, attempting to defeat China's large companies one by one and cause the Chinese economy to collapse.

According to foreign media reports, several people familiar with the US government said that the Trump administration is sending a signal that US companies can continue to use WeChat in China. As a result, Tencent Holdings' American depositary receipts surged more than 5% on Friday, marking the biggest intraday gain in a month.
I also hope that more and stronger companies will emerge in China, striving for excellence, not fearing bans, and staying at the forefront of world trends!