Who owns Tencent? WeChat, Riot Games and Epic Games, all the apps and gaming companies under its umbrella

Who owns Tencent? WeChat, Riot Games and Epic Games, all the apps and gaming companies under its umbrella
Ren Yuxin, Tencent COO (Getty Images)

After President Donald Trump announced that he is going to ban TikTok, there are reports that another chat service will bear his brunt and get axed from the US. According to CNBC, Trump on August 6 issued an executive order banning any US transactions with Chinese tech firms Tencent and ByteDance. Tencent owns the Chinese messaging app WeChat and ByteDance is the Beijing-based parent company of the popular short-video-sharing app TikTok. As per the report, the ban will take effect in 45 days.

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In the executive order Trump said, “WeChat automatically captures vast swaths of information from its users. This data collection threatens to allow the Chinese Communist Party access to Americans’ personal and proprietary information.” He also added that the application also captures personal information of Chinese nationals visiting the US. The report also states the order would basically ban the app in the United States as it would prohibit “any transaction that is related to WeChat by any person, or with respect to any property, subject to the jurisdiction of the United States, with Tencent Holdings Ltd.”