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Or maybe the real losers are all the American companies that agreed to create "joint ventures" with Chinese companies getting 51% control of the venture and 100
by mtgx 8y ago
Or maybe the real losers are all the American companies that agreed to create "joint ventures" with Chinese companies getting 51% control of the venture and 100% of the American company's IP. All of these companies are a few years away from having several Chinese competitors pop-up overnight with their own technology and drastically undercutting them on price.
Google should consider itself lucky for "losing China", but not giving Baidu the opportunity to create a competitive global search engine with similar indexing and ranking technology.
- malshe 8y agoI tend to agree with this point of view. Bullet train is a great example of this - https://www.wsj.com/articles/SB10001424052748704814204575507353221141616 https://www.wsj.com/articles/SB10001424052748704814204575507...