Tencent up on talks of narrower US WeChat ban
Trump administration said to be privately seeking to reassure US companies they can still do business with the messaging app in China
24 August 2020 - 10:19
Hong Kong — Tencent jumped the most in a month after White House officials are said to have reassured American businesses that a ban on its WeChat app won’t be as broad as feared.
The WeChat owner rallied 5.8% at the close in Hong Kong on Monday, making it the best performer on the benchmark Hang Seng index, after people familiar with matter said the Trump administration is privately seeking to reassure US companies including Apple that they can still do business with Tencent’s WeChat messaging app in China...
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