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The US is following a tit for tat strategy. Which European companies has the US forced to divest their holdings to justify the action you're proposing?
by brigadier132 3y ago
The US is following a tit for tat strategy. Which European companies has the US forced to divest their holdings to justify the action you're proposing?
- mschuster91 3y agoI remember the Nord Stream saga, where the US (or, at least a few senators) threatened to sanction a harbor if it would not cease to provide support for pipelayer ships [1]. I mean, in hindsight the US were completely right in their position towards NS, but it's a prime example of the US being not afraid to go even against allied countries. [1] https://www.dw.com/en/us-sanctions-nord-stream-2-gas/a-54565504 https://www.dw.com/en/us-sanctions-nord-stream-2-gas/a-54565...
- nearbuy 3y agoWhich US companies has China forced to divest their holdings?
- brigadier132 3y agoTo operate in China you need to partner with local businesses and give up 50% of the local business. Also many American businesses are simply banned and were effectively forced to divest to recover funds.
- kelnos 3y agoProbably none, or very few, but the reason for that is China doesn't allow local companies to be majority-owned by foreign entities in the first place. Another, somewhat equivalent answer to your question is, "all of them".
- wnevets 3y agodoesn't that mean any company that does business in China should share the same security concerns if not worse than TikTok? I would be much more concerned about hardware that is being made and/or assembled by Chinse companies in China that a smartphone app
- ThunderSizzle 3y agoBingo. The anti-Tiktok focus might be more about the fact the CIA and FBI don't have control like they do with Facebook or YouTube. Notice they also want to shut down X since Musk bought it probably for a similar reason.
- seanmcdirmid 3y agoAlmost all of them? Microsoft had to divest its Chinese cloud to a Shanghai water utility company (they do sewers, water reclamation and Microsoft Azure cloud!). All the auto companies that setup in China had to do it as 49/51 JVs so Chinese companies could learn lots of "how to make auto" IP, well, Tesla is the first one that was allowed to come in whole.
- nearbuy 3y ago> Microsoft had to divest its Chinese cloud to a Shanghai water utility company (they do sewers, water reclamation and Microsoft Azure cloud!) Odd mix. Do you have a source for this?
- seanmcdirmid 3y agoWell, I was working for Microsoft in China at the time. Here is an article about it at the time: https://www.wired.com/2012/11/azure-goes-to-china/ https://www.wired.com/2012/11/azure-goes-to-china/ It gets a bit confusing: https://learn.microsoft.com/bs-latn-ba/azure/china/overview-operations https://learn.microsoft.com/bs-latn-ba/azure/china/overview-... So from what I heard at the time was that this was spinning out of a Shanghai water utility, but ownership gets mixed up a bit, Shanghai blue cloud is owned by Beijing based 21vianet, but I’m pretty sure there was some deal that involved the Shanghai municipal government. Ah here we go: https://www.datacenterdynamics.com/en/news/21vianet-teams-with-microsoft-for-shanghai-based-cloud-offering/ https://www.datacenterdynamics.com/en/news/21vianet-teams-wi...
- SturgeonsLaw 3y agoA sewerage company sounds perfectly qualified to operate modern internet infrastructure, they deal with much the same material
- junon 3y agoLiterally almost all of them.
- IncreasePosts 3y agoYou literally can't open a business in China as a foreigner without giving a large percentage ownership to a Chinese citizen or forming a joint venture with a local Chinese company. So that is basically forced divestment upon business creation.
- croes 3y agoTit for tat? When do European governments get private data about US citizens like the US get per CloudAct?