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President Trump has signed a new executive order prohibiting transactions with the companies behind eight Chinese apps, including Ant Group’s Alipay and Tencent’s QQ and WeChat Pay. Transactions will be prohibited in 45 days. Reuters was the first to report the news.
The full list of apps includes: Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office.
“The pace and pervasiveness of the spread in the United States of certain connected mobile and desktop applications and other software developed or controlled by persons in the People’s Republic of China… continue to threaten the national security, foreign policy, and economy of the United States,” the order reads.
US Commerce Secretary Wilbur Ross c…
