Tencent's Gaming Business Could Be Trump's Next Target

Last month, the Trump administration announced it would ban Tencent's (OTC: TCEHY) messaging app WeChat in the U.S. However, the effort to enforce that ban beginning last week was halted by a preliminary injunction in a California district court. The judge ruled that the ban raised concerns about the First Amendment rights of WeChat's users, the U.S. government's limits on controlling businesses, and the harm it could do to Chinese users in America. The injunction will allow a new lawsuit against President Donald Trump, filed by the U.S. WeChat Users Alliance (which isn't affiliated with Tencent), to proceed.