Over a dozen major U.S. international business executives joined in a call with White House officials on Tuesday to raise their concerns about President Donald Trump's planned restrictions targeting the WeChat app from China's Tencent Holdings Ltd., according to a Wall Street Journal report.
Apple has spent years building China into a 44 billion U.S. dollars growth driver. In the second quarter of 2020, the company's revenue from the Chinese market accounted for over 15 percent of its total.
In 2019, Chinese visitors spent more than 1.3 billion dollars visiting the San Francisco Bay Area. For many of them, WeChat, with its ability to make payments, played a valuable role.
WeChat users in the U.S. rushed to install the app before it could disappear from the app stores. They have also turned to QQ, as the ban did not specifically cover this product.
"We have worked with WeChat in the past to identify opportunities to work with restaurants that can get set up. WeChat actually recently started a series where they are working with Napa Valley to promote business there and promote tourism," said Darlene Chiu Bryant, executive director of GlobalSF.