The wildly popular video-sharing app may be the beginning of a new era in Chinese tech.
In addition to the bans on downloads and updates, users in the U.S. won’t be able to make payments through WeChat.
The Commerce Department says, starting Sunday, neither app can be downloaded or updated in the U.S.
The news has fueled a perception that officials are out to inflate employment figures for a record 8.7 million graduates potentially entering a worsening jobs market.
President Trump's executive order restricts Chinese tech platforms. Correspondent Jennifer Pak discusses the future of competition in developing markets.
These orders mean that in 45 days, transactions with WeChat or TikTok from American persons or companies would be banned.
The largest IPO of the year has just launched.
Too many apps, so little time.
Wechat, the wildly popular texting app from the Chinese Internet giant Tencent, has nearly 400 million users worldwide. It plans to target American consumers next.