Financial news on September 20, WeChat in the United States is expected to usher in a reversal of fortune!
The us district court has issued a temporary injunction to stop restrictions on WeChat issued by the us department of commerce on Friday.
Two days earlier, the Commerce Department said in a statement on Friday that it had decided to ban WeChat and TikTok from downloading and updating apps in the app store in the United States as of September 20, as well as WeChat from providing any services to transfer funds or process payments within the United States. This follows an executive order issued by US President Donald Trump on August 6, giving TikTok 45 days to sell its US operations to an American company or face a regional ban in the US.
In response to the Commerce Department’s ban, Tencent said on the Hong Kong stock exchange today that WeChat might not be able to gain new users in the US and would continue to consult with the US government. The company said it was further evaluating the impact of the banned transactions identification on the group. Tencent has been and will continue to consult with the U.S. government and other U.S. stakeholders to reach a long-term solution.
According to the American WeChat user association organization sponsors, the greater New York area British zhuo lawyers founder expansion introduces, at the U.S. department of commerce released Friday file after the envelope, the micro cib to respond quickly, submit the supplementary material, apply to northern California federal district court judge in hearing yesterday morning and this morning for an emergency.
Earlier this morning, Cao said the moFCOM decision was suspended 20 days after the judge issued court document No. 53, which instructed plaintiffs’ lawyers to draft a preliminary injunction.