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News24.com | US curbs WeChat transfers, freezes TikTok as deadline looms

  • September 18, 2020

The US will ban some transactions over the Chinese-owned WeChat app while freezing TikTok’s app starting Sunday, Commerce Secretary Wilbur Ross said.

Ross said Friday that the US will prohibit US-to-US transactions related to WeChat and its parent company Tencent but that will not impact activity in China. Transactions prohibited as of September 20 including distribution, maintenance and updates of WeChat or TikTok through app store in the US.

The Commerce Department in a release on Friday said the president has provided until November 12 for national security concerns posed by ByteDance’s TikTok to be resolved. If they are, the prohibitions in this order may be lifted.

In August, President Donald Trump issued executive orders prohibiting US residents and firms from doing business with Tencent’s WeChat and ByteDance’s TikTok.

ByteDance has been negotiating with Oracle to take a stake in a reconfigured TikTok to alleviate the president’s concerns about data on the app’s American users being exposed to China.

“WeChat US, for all practical purposes, will be shut down,” Ross said on Fox Business. Americans will still be able to use WeChat for payments in China, he said. “The basic Tiktok will stay intact until November 12,” although users won’t be able access upgrades from Sunday night, he said.

Article source: https://www.news24.com/fin24/Companies/us-curbs-wechat-transfers-freezes-tiktok-as-deadline-looms-20200918

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