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China will not accept U.S. 'theft' of TikTok: China Daily
- Justin_K 6y agoIsn't it true that American companies must operate either part or whole of their business as a subsidiary of a Chinese company to do business in China?
- dragonsh 6y agoNot really true for most sectors where FDI can be 100%. It depends on sector in which company is operating. Like in USA there are certain industry where foreign companies cannot participate and require a special security clearance, which is only granted to local company run by USA citizen. China operates the same way. Check more details at China briefing [1]. [1] https://www.china-briefing.com/news/chinas-2020-new-negative-lists-signals-further-opening-up/ https://www.china-briefing.com/news/chinas-2020-new-negative...
- ngcc_hk 6y agoBut most us businesses can work in uk and Eu but not in china. Hence the close up of the market (for alleged security reason) is economic and political Impossible
- DarthGhandi 6y agoMicrosoft has 99% marketshare. KFC, McDonald's, Nike, Coke, GE, GM all have dominate huge chunks of their market. What you are saying is completely incorrect and bizarrely repeated ad nauseum here. There's far more US companies operating in China than vice versa. Please provide some evidence for the claim that "most US businesses can't work in China".
- deleted 6y ago[deleted]
- throwawaynothx 6y agoIsn't it true that the American government has obtained user data several times from tech companies.
- Eldt 6y agoWhataboutism?
- AntiImperialist 6y agoWhataboutism is basically questioning hypocrisy. Yeah, it's not nice to have your hypocrisy questioned, but it isn't wrong.
- tonyedgecombe 6y agoThe problem is it's a distraction from the original complaint. It doesn't answer the question, rather it deflects it onto something else.
- DarthGhandi 6y agoTiktok isnt doing business in China though? Bytedance has a similar app that meets local legal requirements but it's not up for sale.
- cafard 6y agoThis is not an unusual requirement. Fifty years ago, the company my father worked for looked at a mining venture in a French dependency in the Pacific. It had to be done as a joint venture with a French company, which had to own 51%.
- sergefaguet 6y agoLooking forward to China forcing Microsoft and Apple to sell their China operations to Alibaba. This is going to be fun to watch.
- godzillabrennus 6y agoWatch the United States retaliate by closing all trade to China. The Chinese still need America more. That may not be true forever but it’d be quite an economic collapse if China was shut out of trade with the western world.
- ianleeclark 6y agoThe Chinese-American trade system is of mutual benefit to both systems ruling powers. We'll talk tough and we'll impose tariffs, but there is absolutely no way that we're going to cut off China globally.
- bamboozled 6y agoYeah, and who's going to make all your stuff for dirt cheap? Do you have any idea how hard the economy relies on China to be be competitive, even more to survive. The thing is you probably could shop around and buy things made elsewhere but: 1) Chinese made things are convenient. 2) Chinese made goods are competitively priced. 3) Chinese made goods are readily available. 4) China makes other things too, such as materials, medical supplies, vaccines... Probably 98% of the items in your house come from China either directly all indirectly.
- Hithredin 6y agoThat's the short term impact. On the long term, both side might get stronger by becoming more independent
- bamboozled 6y agoThis is assuming you can survive the short term impact, that impact would be no joke.
- ggm 6y agoWhat is the fair valuation for the part(s) outside China? Theft could mean stock-swap. Oh, maybe not. Maybe Trump doesn't believe in free market economics regarding Microsoft stock.
- innagadadavida 6y agoThis is hardly about CCP or China, and is more about the founders. And please there is hardly any IP in social networks or IM apps. The secret sauce is all about vitality. From the days of ICQ and AIM two decade ago, we’ve seen new apps almost every 5 years or so as users get bored of their network and just move onto the next fad. TikTok founders are lucky to get USD for all their hard work and they should just take the money and upgrade their lifestyle to live in a more open society.
- sunstone 6y agoIt's pretty clear that globally China has taken a "divide and conquer" approach to countries generally. After China reneged on it's Hong Kong agreement it became starkly clear that China is not interested in the "rule of law" either within China or without. At this point it's clear that the world will divide into two camps, those aligned with China and those aligned with the rule of law. Now it's just the Cold War all over again. Companies of each sphere operating on the other sphere can expect to withdraw over the next several years.
- murgindrag 6y agoUS hasn't been ideal on rule-of-law either.... But the path you're describing is likely, and concerning. If we end up with a China sphere of influence and a US sphere of influence, that won't be great for anyone, except the ruling parties.
- zalkota 6y agoWould a single Chinese global influence be better?
- nine_zeros 6y agoBetter than a single US global influence? Maybe? Maybe not. US global influence hasn't been too great if you've been keeping tabs.
- aeternum 6y agoWe have actually and by almost all metrics things have trended in the right direction. See the charts here: https://sdg-tracker.org/ https://sdg-tracker.org/
- murgindrag 6y agoI think if we have a US sphere of influence and a Chinese sphere of influence, within a few decades, that's where we'll end up.
- 6y ago
- Proven 6y agoFine. Kick 'em out then.