News Snapshot:
August 8, 2020 Source: The Verge If you are aware of ongoing US-China tension , it’s not surprising that both countries are trying to one-up each others’ moves. After closing each other’s embassies, we are moving onto the next level – banning products. Recently, President Trump announced he is banning WeChat in the US. Despite its small market presence in the country, the decision can affect American tech giant Apple in its foreign market of China. The possible reason behind this business loss for Apple is Tencent, which is a parent company of WeChat . The executive order of banning...
