47% of companies surveyed said they expect lower revenues if the ban were applied to US companies and American citizens in China.
American companies operating in China are concerned that the White House’s looming ban on messaging app WeChat could have a negative impact on their competitiveness and revenue, a survey showed on Wednesday.... [+]142 members, 88% of whom expected negative impact on operations stemming from the loss of WeChat as a communication tool.
The surveyed companies said that the impact on revenue would be substantial if the order were applied to US companies and American citizens in China. 47.2% of respondents predicted they would have lower revenues, with more than 10% of respondents predicting a loss greater than 30%.that the names of respondents have been kept private to protect their identities.raised concerns about the ban in a call with the White House, stating that it could undermine their competitiveness.that forcing the removal of WeChat from Apple’s app store could see global iPhone sales decline by as much as 30%.
, which was widely circulated on Chinese social media platform Weibo earlier this month, reportedly showed that 95% of Chinese iPhone owners would be willing to ditch Apple for another smartphone brand if WeChat is removed from the app store.
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