Trump bans Chinese payment apps including Alipay
Eight Chinese apps no longer allowed to transact in US including digital wallets of Alipay and Tencent’s
06 January 2021 - 14:10
Washington — President Donald Trump signed an order banning US transactions with eight Chinese apps including Ant’s Alipay and Tencent’s digital wallets, riling Beijing days before he’s slated to leave office.
The order is the outgoing administration’s latest bid to use national security powers against China’s largest companies, but it will be up to President-elect Joe Biden to decide whether to enforce the policy. It deals another blow to Ant co-founder Jack Ma, who hasn’t been seen in public since Chinese regulators halted Ant’s $35bn IPO and launched an antitrust probe into Alibaba...
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