Tencent gains $ 26 billion after US reassurance on WeChat Bain


Tencent Holdings Ltd. made the most jump in two weeks after White House officials reassured US businesses that the ban on its WeChat app would not be as widespread as it is feared.

Owner of weChat On Monday, Hong Kong jumped as much as 4.2% after people became familiar with the matter, saying the Trump administration wants to privately reassure American companies, including Apple Inc., that they are still in China with Tencent’s WeChat messaging app Can do business with. In recent times, senior administration officials have been reaching out to some companies, realizing that the effect of an all-out ban on popular apps may be disastrous for American technology, retail, gaming, telecommunications and other industries according to people Can.

Read more: Trump team assures others on using WeChat in Apple, China

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