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The huge hypocrisies here is that the sell must be done to a US company, not a European or an Indian one for instance but specifically a US one. I think that's
by greatpatton 6y ago
The huge hypocrisies here is that the sell must be done to a US company, not a European or an Indian one for instance but specifically a US one. I think that's a good lesson for the rest of the world, and a big warning.
Btw I think that following this and the Huawei little war, Apple is about to suffer from it. It's very probable that the Apple store will be forbidden in China. This will destroy Apple in China (impacting 18% Apple revenue), and it will at the same time preserve the image of China as the factory of the world.
This is just the beginning of a long war.
- dontblink 6y agoExpect an escalation if that happens and more bans on Chinese companies.
- nine_zeros 6y agoExactly this. The ban itself was fine. But to force sale of assets to a US company (which reduces bidding prices significantly) is just corrupt thuggish politics. At this point, a third country should be wary of doing any business in the US.
- sitkack 6y agoWeakening the dollar makes our exports look more attractive and encourages more spending at home.
- nine_zeros 6y ago> Weakening the dollar makes our exports look more attractive and encourages more spending at home. How is this relevant to app bans and mafia sales?
- sildur 6y agoI took that as a big warning message, and started to reduce my US exposure as much as I can. I was already going self hosted so it’s easier for me. The only new requirement is avoiding American companies as much as possible.
- asdfthvaa2 6y agoWhat? its not worse than a ban, its so not worse that ByteDance could simply not sell its US operations and stop being present in the US, making it just like a ban. A ban would leave no option. This is pretty much what China does, but for every service.
- nine_zeros 6y ago> This is pretty much what China does, but for every service. Since when did we aspire to become more like China? > its not worse than a ban, its so not worse that ByteDance could simply not sell its US operations and stop being present in the US, making it just like a ban The difference is, why should a US entity own this asset for it to have operations in the US? Why can't it be a EU entity or Australian entity or Canadian entity or Ugandan entity? Does this mean that US government is going to erratically force foreign businesses to sell US assets when they want? The equivalent of this would be EU asking Apple to sell all EU operations to Nokia or whatever to be able to operate in that market. Does this sound business friendly?
- throwaway554323 6y agoThis is not what China does. China requires a proactive censorship policy and all Chinese data to be hosted in China. If the company complies, they can operate in China. This is why Skype and iMessage work in China.
- webninja 6y agoChina very often does it to the US though. It’s just tit for tat.
- kube-system 6y agoThis isn't the beginning, the beginning was years ago. > It's very probable that the Apple store will be forbidden in China. This will destroy Apple in China (impacting 18% Apple revenue), and it will at the same time preserve the image of China as the factory of the world China has already forced Apple to hand over iCloud to a local Chinese company. iCloud in China is operated by GCBD (AIPO Cloud (Guizhou) Technology Co. Ltd). https://support.apple.com/en-us/HT208351 https://support.apple.com/en-us/HT208351