Smartphone messaging app WeChat has averted a U.S. ban.A federal judge in California temporarily blocked the Trump administration’s executive order preventing Americans’ use of WeChat, a social network owned by Shenzhen, China-based Tencent Holdings (PINK: TCEHY).U.S. Magistrate Judge Laurel Beeler entered the order Sunday for a preliminary injunction blocking the federal ban on U.S. downloads from going into effect, which was slated for 11:59 p.m. Sunday.The move essentially prevents the Commerce Department from forcing Apple and Alphabet’s Google to remove Tencent Holding’s WeChat from its app stores.The news is a victory for Tencent, a tech giant under the helm of …read more
Source:: Yahoo Finance
