In the News: TikTok Ban; Luckin Penalties; and A-Share Hedging

August 03, 2020 | BY

Vincent Chow

TikTok in limbo after Trump's threat to ban app from U.S. market; Luckin to be penalized by Chinese regulators over falsified sales; and Hong Kong bourse launches hedging tools for tapping A-share market

Tik Tok app.

TikTok's U.S. future uncertain after Trump ban threat

The future of video-sharing app TikTok in the United States is in limbo after U.S. President Donald Trump said that he will ban the app. On July 31, the president said that he was going to sign an executive order banning the Chinese-owned app from the U.S. market. The app is owned by Beijing-based Chinese technology giant Bytedance.

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