Trump鈥檚 WeChat Ban a Warning Shot to Chinese Tech Firms: Expert
WeChat and TikTok will likely feel the brunt of more regulation after U.S. President Donald Trump signed off on two executive orders banning transactions with the Chinese-backed apps. On Aug. 6, the president signed the two orders barring U.S. citizens and entities (government and businesses) from conducting commercial transactions with the parent companies of both apps, ByteDance and Tencent Holdings. The bans will take effect 45 days from Aug. 6 and has already sent the share price of WeChat’s parent company Tencent on a downward trend. Tencent is a major Shenzhen-based digital conglomerate with extensive ownership stakes in 480 different businesses and entities globally. It has stakes in well-known businesses including Epic Games, Activision Blizzard, Reddit, and Atomwise as well as Australian companies Afterpay, and Airwallex. Game enthusiasts and industry…
EAST RUTHERFORD, N.J.—The 36-year-old daughter of New York Giants co-owner and film producer Steve Tisch has died.
Hilary Anne Tisch died Monday, Steve Tisch said in a statement issued on behalf of the family. The statement did not cite a cause of death or say where she died, but it noted she had battled depression.
Steve Tisch said the family is “utterly heartbroken and is mourning its tragic loss.”
“Hilary was a kind, caring, and beautiful person,” Steve Tisch said in the statement. “Her mother, sisters, brothers, and I are devastated by her passing. It leaves a hole in our hearts and our lives. She, like so many others, bravely fought the disease of depression for as long as she could. We love and will miss her dearly.”
In addition to her father, Hilary is survived by her mother, Patsy Tisch, and her siblings Will Tisch and his wife, Grace; Elizabeth Tisch, Holden Tisch, and Zachary Tisch.
Giants co-owner John Mara and the organization expressed sympathy to the Tisch family.
“Our hearts are heavy for their loss of Hilary. We pray for their peace and comfort,” Mara said in the statement.
Focus News: 36-Year-Old Daughter of NY Giants Co-owner Steve Tisch Dies
China in Focus (Aug. 11): Microsoft’s China Ties Raise Concerns Over TikTok
Microsoft is considering the purchase of popular video sharing app, Tiktok. That’s amid security concerns surrounding its parent company, ByteDance, a Beijing-based tech company with ties to the Chinese regime. WeChat users in the United States appear divided over Trump鈥檚 ban of the Chinese social media app. Both supporters and opposers set up petitions on the White House petition website. Shanghai鈥檚 famous TV Tower, which was accidentally given the same name as the city of Hong Kong, was struck with powerful lightning. That鈥檚 after Hong Kong police arrested even more pro-democracy activists. Hong Kong media mogul Jimmy Lai and others have been released on bail. The share price of Lai鈥檚 Apple Daily skyrocketed shortly after, standing as a show of support. A Chinese official was discovered to have falsified his…
