Apple Inc., Ford Motor Co., Walmart Inc., and Walt Disney Co. were among those represented in the call in which they expressed their anxiety that competitiveness in China may be undermined by the order. As planned, the new presidential executive order will take effect next month, banning U.S. companies from "any transaction that is related to WeChat."
Other participants in the call included Procter & Gamble Co, Intel Corp, MetLife Inc, Goldman Sachs Group Inc, Morgan Stanley, United Parcel Service Inc, Merck & Co Inc and Cargill Inc.
"We have worked with WeChat in the past to identify opportunities to work with restaurants that can get set up. WeChat actually recently started a series where they are working with Napa Valley to promote business there and promote tourism," said Darlene Chiu Bryant, executive director of GlobalSF.
According to a survey on China's Twitter-like social media platform Weibo, about 95 percent of 1.2 million people that responded said they would switch to an Android smartphone over an iPhone rather than give up WeChat if it were banned.
"Seeing Chinese investment go through the door, I think it is definitely going to slow down, and they are definitely going to think twice, and I think unfortunately for America, that a lot of the investment may actually go to Europe instead.”