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Yes. All companies that operate in China have to be 51% domestically owned. Often they're setup so the parent company keeps all of the IP but as the Arm situati
by thesausageking 5y ago
Yes. All companies that operate in China have to be 51% domestically owned. Often they're setup so the parent company keeps all of the IP but as the Arm situation shows, that only gives the parent so much power.
- jhugo 5y ago> All companies that operate in China have to be 51% domestically owned. this is not true - there is a type of legal entity called a Wholly Foreign Owned Enterprise (WFOE). It is only allowed for certain lines of business, of course, which wouldn't include anything of strategic importance to China.
- PostThisTooFast 5y agoI thought they recently abolished this bullshit. China has been making a joke out of foreign entities for years with this blatant rip-off.