Tencent Market Valuation Drops Roughly $54B After Trump’s Executive Order, ByteDance Vows Fight in Courts

Tencent Holdings lost nearly $54B USD in market capitalization to $632B intraday on Friday as news of executive orders issued by U.S. President Donald Trump began to rattle markets and spook investors. The executive orders issued Thursday would ban transactions with Tencent’s WeChat multi-purpose chat and ByteDance’s short-form video apps. U.S. lawmakers have taken aim […]

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