President Joe Biden had revoked a number of executive orders from former…
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President Joe Biden had revoked a number of executive orders from former…
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The post Pocketnow Daily: TikTok & WeChat Ban is Official! Here’s What You Should Know… (video) appeared first on Pocketnow.
The US Commerce Department has announced that it is planning to ban people in the US from downloading Chinese-owned video-sharing app TikTok and messaging app WeChat starting September 20. The former was given a deadline to sell its US operations to a US company. There were reports that Oracle is all set to acquire TikTok’s US operations.
However, reports later said that ByteDance will not sell TikTok’s US operations to Microsoft or Oracle. To recall, Chinese government recently changed its rules on tech exports, which bans the commercialization of specific technology categories to foreign countries. Hence, ByteDance cannot sell its US operations without the permission of the Chinese government.
In a press release on the matter, the US Department of Commerce noted: “The Chinese Communist Party (CCP) has demonstrated the means and motives to use these apps to threaten the national security, foreign policy, and the economy of the U.S. Today’s announced prohibitions, when combined, protect users in the U.S. by eliminating access to these applications and significantly reducing their functionality.”
As of September 20, 2020, for WeChat and as of November 12, 2020, for TikTok, the following transactions are prohibited:
Commerce Department officials said they were taking the extraordinary step because of the risks the apps’ data collection poses. China and the companies have denied US user data is collected for spying.
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Donald Trump could make Apple lose tons of cash, as he recently banned US companies from Transactions with WeChat owner Tencent. According to Ming-Chi Kuo, Trump’s actions would force Apple to remove WeChat from the Apple Store after September 20, which would also translate to a decline in iPhone shipments that could go up to 30 percent. However, a new report from Bloomberg suggests that things could get worse for Apple.
According to a massive survey that took place in China, 95 percent of Chinese iPhone users would switch from Apple to any other smartphone brand if they should lose WeChat from their devices. In other words, this survey suggests that more than 1.2 million iPhone users would replace their Apple devices.
“iPhone loyalists across China are now reconsidering their attachment to the device after Donald Trump issued an executive order last week barring US companies from doing business with WeChat […]
“A survey on the twitter-like Weibo service asking consumers to choose between WeChat and their iPhones has drawn more than 1.2 million responses so far, with roughly 95% of participants saying they would rather give up their devices. ‘The ban will force a lot of Chinese users to switch from Apple to other brands because WeChat is really important for us,’ said Sky Ding, who works in fintech in Hong Kong and originally hails from Xi’an […]
“The ban threatens to turn iPhones into expensive ‘electronic trash,’ said Hong Kong resident Kenny Ou, who sees WeChat as one of the most essential software on his handset.
“WeChat isn’t just a messaging service: It’s basically a whole operating system […] The average Chinese person picks up their phone and immediately opens WeChat. Pretty much everything else they do happens within this single app.”
It’s not clear if this ban would only take effect in the United States or applies to business worldwide. If China gets affected, Chinese iPhone users won’t get new iPhone models, and they would eventually switch to Android devices, as WeChat is the most important app in China. It is more than just a chat app, as it is used for payments, e-Commerce, news reading, productivity, and more.
“Apple is one of more than a dozen US companies who this week warned the Trump administration about the implications of banning WeChat from their platforms. The warning was given during a conference call on Tuesday.
“Disney, Ford, Intel, Morgan Stanley, UPS, and Walmart were also among those to inform the White House that the consequences for US companies could be severe.”
Source 9to5Mac
Via Bloomberg
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US President Donald Trump issued an executive order last week that prohibits any transactions related to WeChat by an American entity after September 20, effectively moving towards its potential removal from devices made by US brands. Now, noted analyst Ming-Chi Kuo has predicted that Apple’s global iPhone shipments could nosedive by 25–30% if the company removes WeChat from the App Store.
“Since WeChat is very critical to Chinese users, integrating communications, payments, e-Commerce, social software, news reading, and productivity functions, we believe that the move will tank iPhone shipments in the Chinese market. We estimate that global iPhone shipments will decline by 25–30%. Global shipments of other Apple hardware products, including AirPods, iPad, Apple Watch, and Mac, will decline by 15–25%,” Kuo mentioned in his report (via Macrumors).
WeChat has over a billion users and it is wildly popular in China where it is used for instant messaging and mobile payments among other services. And with China being one of the biggest markets for Apple, the sale of iPhones is expected to take a big hit in the country where the absence of WeChat from a smartphone will definitely be a red flag for many. However, Kuo notes that if WeChat is banned only in the US, the global iPhone shipment will ‘only’ take a 3-6% hit.
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