Tencent Seeking ‘Further Clarification’ of Trump’s EO Banning WeChat Parent

Tencent Holdings is “in the process of seeking further clarification from relevant parties in the U.S.” about President Donald Trump’s Aug. 6 executive order banning U.S. transactions with the WeChat parent company after Sept. 20 on national security grounds (see 2008070032), said Chief Financial Officer John Lo Wednesday on a quarterly investor call. “Based on our initial reading and subsequent press reports, the executive order is focused on WeChat in the United States and not our other businesses in the U.S.,” said Lo. The White House didn’t comment Thursday.