Alipay And Seven More Applications Facing Restrictions

thecekodok

 The President of the United States (US), Donald Trump signed an executive order restricting all transactions with eight Chinese-owned applications.


The application involves popular payment platforms, Alipay as well as QQ Wallet and WeChat pay.


The order, which will take effect within 45 days, was implemented after claiming all the applications pose a threat to U.S. national security.


In addition, there is the possibility that the application will be used to track and collect personal data of US civil servants.


Tencent QQ, CamScanner, SHAREit, VMate and WPS Office are also on the list of restrictions.


"The US must take aggressive measures against anyone who develops or controls Chinese software applications to protect our national security," the order said.



The Trump administration is seen adding pressure to Chinese companies in the last months of his presidency, including anyone labeled a U.S. national security threat.


Trump has previously signed executive orders against some Chinese firms for allegedly sharing consumer personal information with the Chinese government, including TikTok and Huawei.


The latest blockade came after the White House tried to urge the New York Stock Exchange (NYSE) to consider a 'U-turn' in relation to delisting three Chinese telecommunications companies.


Last week, the NYSE announced it would delist China Mobile, China Telecom and China Unicom.


However, last Monday, the NYSE withdrew the decision and decided not to list the three companies after consulting with US authorities.


According to Reuters, US Treasury Secretary Steven Mnuchin contacted NYSE President Stacey Cunningham to say he did not agree with the decision.