HONG KONG (Aug 13): Apple Inc spent years building China into a US$44 billion growth driver. On Wednesday, Tencent executives on a post-earnings conference call stressed they believed the ban applied only to WeChat in the US and shouldn’t affect its Chinese cousin, known as Weixin. More than a fifth of all smartphone users in China used an iPhone as of June, second only to Huawei at 26%, according to researcher QuestMobile. He’s since nixed those plans and is considering alternatives including Samsung Electronics Co.“I’m worried that WeChat will be banned on the iPhone. It would be a tremendous disaster to my studies and work if such a ban was imposed.”

Source: The Edge Markets August 12, 2020 21:45 UTC