TikTok and WeChat’s US ban has wiped $75 billion off the value of Chinese tech giants including Alibaba and JD.com.
Last week Donald Trump announced plans to ban Chinese social media giants TikTok and WeChat in the US, giving American companies just 45 days to stop all transactions with the pair.
This has unsurprisingly seen stocks in Tencent, which owns WeChat, dive just under 10 per cent since Friday.
