5 ms·
Does this hurt the CCP? No. It only hurts ByteDance and its investors , which are mostly private entities; while the CCP gets to gloat that look told you, they
by balola 6y ago
Does this hurt the CCP? No. It only hurts ByteDance and its investors , which are mostly private entities; while the CCP gets to gloat that look told you, they are no better than us.
- realusername 6y agoThere's no independent large private company in China right now anyways, ByteDance is controlled by the CCP just like any other large Chinese company (tech or not). And decisions like this do help to hurt the CCP, it reduces the reach of Chinese tech companies.
- balola 6y agoThe CCP high officials don't really care about anyone but their own relatives and cronies, while your assumption is mostly right as in the cases like Alibaba and Tencent, ByteDance isn't exactly like them, it has a kind of autonomy and internationalization those companies wouldn't dare to dream of. ByteDance isn't as beholden to the party as those two since it's a startup capitalized on the app economy, it's growth is organic, didn't rely on government policies and protection. In fact ByteDance already has blockbuster app killed by Chinese authorities.
- realusername 6y agoAll the large companies are used for diplomatic purpose internationally by the CCP, ByteDance being that successful won't escape it. Basically they will have two solutions, either move out of China or obey the CCP like the other ones, there's no option to be independent in China. And as the private investors, well, they will soon learn how the CCP works...