News Snapshot:
by Swarajya Staff - Aug 8, 2020 06:00 AM Tencent Chinese tech stocks lost more than $75 billion in value on Friday (Aug 7) after U.S President Donald Trump signed two separate executive orders giving American citizens 45 days to sever all relationships with WeChat, owned by Tencent Holdings , and TikTok, owned by ByteDance. The shares of Chinese company Tencent Holdings fell 6.8 per cent, the most in nearly two years, within hours of U.S president Donald Trump signing an executive that bars U.S.entities from transacting on WeChat, the hugely popular social media behemoth. WeChat is a messaging, social...
