According to market research company sensor tower, after US President trump threatened to ban wechat, the number of downloads of Tencent’s wechat and QQ applications has soared in the United States. U.S. users want to install wechat before they get off the shelves of major app stores. They also turn to QQ, because Trump’s ban does not explicitly cover this app. According to the data, the average download volume of wechat in the United States in the last six days was 41% higher than that in the week before the ban was announced last Thursday, while the download volume of QQ has tripled in the past week.
Some Chinese worry that banning wechat will cut off their contact with their relatives and friends in China. How the US government banned wechat in mid September is unclear. It can ask apple and Google to remove wechat from the app store, or ask wechat to stop providing access or updates to U.S. users. Some users said that they plan to use wechat in the United States through VPN.
More than nine adults are willing to give up iPhone for wechat
Trump’s ban on wechat may damage Apple’s interests. About 95% of the 1.2 million people surveyed said they would switch to Android smartphones if the iPhone didn’t support wechat, according to a survey on Weibo. Apple spent years building China into a $44 billion growth engine. In the second quarter of 2020, Apple’s revenue in China accounted for more than 15% of its total revenue. Kuo Ming Chi, an analyst at Tianfeng international securities in Hong Kong, predicted in his latest report that if Apple was forced to remove wechat from its global app store, annual global iPhone shipments could fall by 25% to 30%. In addition, Apple’s other hardware, including airpods, iPad, apple watch and MAC, will also be affected, with annual shipments likely to drop by 15% – 25%.
Several US enterprises join hands to resist Trump’s “blocking” wechat
According to the Wall Street Journal, more than a dozen large US enterprises spoke with White House officials on the 11th local time, expressing concern about Trump’s plan to “block” wechat. The companies said the trump administration’s executive order could weaken their competitiveness in China. Any business transactions between the company and the US are prohibited. It is reported that apple, Ford Motor, Wal Mart and Disney and other enterprises attended the conference call. Other participants included P & G, Intel, MetLife, Goldman Sachs, Morgan Stanley, UPS, Merck and Cargill.
In 2019, Chinese tourists spend more than $1.3 billion (about 9 billion yuan) in the San Francisco Bay area of the United States. With its payment function, wechat has played a great role in it. Zhao Cuiwei, executive director of the global office in San Francisco, said they had worked with wechat before. The office is committed to attracting investment, especially from China. Zhao Cuiwei is worried about the interruption of cross-border investment. For her part, she would also point out that, unfortunately, much of the investment to Europe may have gone to China.