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Apple operates in China. ARM operates in China. Tesla operates in China. Even Facebook operates in China. Their social network is banned (for refusing to compl
by FooBarWidget 6y ago
Apple operates in China. ARM operates in China. Tesla operates in China.
Even Facebook operates in China. Their social network is banned (for refusing to comply to censorship laws), but the company is still allowed to do business. Facebook has quite a few advertisement deals in China.
Heck, walk down the street in China for 10 minutes and you'll see more McDonalds and StarBucks than you've ever seen in your life.
Since 2014 legal reforms, many foreign companies are no longer required to form joint ventures in China, and so own 100% of the shares (and technology).
Saying that "China doesn't allow foreign companies" is... unnuanced, to say the least.
- dillonmckay 6y agoNot to mention the NBA, too.
- greatjack613 6y agoccp propaganda. Facts are Tesla was the first company allowed fully private ownership of ip in china. No other company has had that before.
- dirtyid 6y agoLucent and GM had WFOE arrangements (certain plants) in the mid 90s. Artcile from 1997. https://hbr.org/1997/03/entering-china-an-unconventional-approach https://hbr.org/1997/03/entering-china-an-unconventional-app...
- FooBarWidget 6y agoI did say that the reforms a pretty recent, didn’t I?
- starky 6y ago>Heck, walk down the street in China for 10 minutes and you'll see more McDonalds and StarBucks than you've ever seen in your life. Also KFC, I've been to China and Asia many times and I'm still surprised at just how many KFCs there are.
- FooBarWidget 6y agoWhere they serve absolutely delicious local meals that you cannot get here!
- coreblocks 6y agoYea, KFC has been extremely successful in Asia, even though their US home market has been shrinking.