The US Government has announced last night on the ban on transactions of US companies with TikTok's parent ByteDance and WeChat's parent TENCENT that will be effective in 45 days.
This will likely push ByteDance to hasten the sales of their US operations as if they do not move ahead with this move, they may land up in a situation where they are not even allowed to operate anymore if the US government bans the use of TikTok.
Source: AAStocks
In the case of WeChat, it seems that WeChat does not hold a very big market base in US based on the website, statista.com. Based on the stats as of September 2019, the number of active users are only around 1.48 million although the total number of users may be higher than this. As I am unable to find any statistics for 2020, assume with a higher penetration percentage of 20%, that will indicate a total number of active users of around 1.8 million. I would think that the impact on WeChat may not be significant to Tencent but more on disruption of services from the existing users in US.
However, the other impact for Tencent which is not yet known is on the mobile gaming side of things. I believe this plays a big part in Tencent's growth and if the US government continues to take this anti China approach, gaming sector from Tencent may be hurted badly as a result.
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