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That's flat out false, there are no such demands. You should actually look these things up instead of listening to reductive memes. The joint venture system was
by KaoruAoiShiho 4y ago
That's flat out false, there are no such demands. You should actually look these things up instead of listening to reductive memes. The joint venture system was an anti-colonial idea that was proposed first by the US. It only ever applied to specific strategic industries like banking and autos. Tech companies like Microsoft, apple, etc wholly own their subsidiaries in China.
- mannerheim 4y agoTech subsidiaries like AMD?
- KaoruAoiShiho 4y ago? Don't understand what you're saying, is it related to my comment?
- mannerheim 4y agoARM China, pardon me.
- KaoruAoiShiho 4y agoWhat about it? It was wholly owned until Softbank decided to sell half of it in 2018. You can just google this. Now it's wholly owned again after the whole kerfuffle.
- mannerheim 4y agoSell 51%, you mean. And 51% is still owned by Chinese investors. https://asia.nikkei.com/Spotlight/Caixin/In-Depth-How-SoftBank-wrested-back-control-of-Arm-China https://asia.nikkei.com/Spotlight/Caixin/In-Depth-How-SoftBa...
- KaoruAoiShiho 4y agoCan't read that article, the point is it wasn't a JV until they decided to sell that 51%.
- mannerheim 4y agoOh, sure, ARM just happened to decide to sell 51% of their Chinese subsidiary. I assume they really needed the money, and sold 51% instead of 49% because that 2% was a chunk of change they really needed.
- KaoruAoiShiho 4y agoHonestly confused what you're insinuating. They needed to sell that 2% to get the deal done probably, to tempt the buyers.
- bioemerl 4y agoAre you suggesting that ARM china had so few investors that they had to sell a majority share in order to attract potential purchasers?