4 ms·

Surely this is sarcasm? Yes absolutely. China. You have to give away 50% of your local subsidiary just to operate there. And why do you think Google and Face

Surely this is sarcasm? Yes absolutely. China. You have to give away 50% of your local subsidiary just to operate there. And why do you think Google and Facebook don’t even offer their services there?

55555 2y ago
> You have to give away 50% of your local subsidiary just to operate there. I'm not sure how generally you meant to speak, but this is no longer true as a general claim. "As of November 1, 2024, China has removed all restrictions on foreign investment in the manufacturing sector, allowing foreign investors, including Americans, to own up to 100% equity in Chinese manufacturing enterprises."
- wqaatwt 2y ago
  True. I missed that. Operating an online social network has nothing to do with manufacturing though. And investments into various telecommunications related areas are still restricted or outright banned. So foreign founded/owned TV stations like Fox News could never exist in China (for better or for worse).
olalonde 2y ago
What's your source on that? Apple, Microsoft, Tesla and Amazon all operate in China and I don't believe they had to give up 50% of their local subsidiary. Google withdrew from China because it didn't want to comply with local laws (e.g. censorship).
- wqaatwt 2y ago
  They changed it last year. Prior to that you generally could only have a 50% stake manufacturing companies (obviously doesn’t apply to Apple cause they never did any). https://en.m.wikipedia.org/wiki/Negative_list_of_foreign_investment_in_China https://en.m.wikipedia.org/wiki/Negative_list_of_foreign_inv... Passenger cars were removed in 2021. However: > .. (ii) news agencies, (iii) editing, publishing and production of books, newspapers, periodicals, audio-visual products and electronic publications, (iv) all levels of broadcasting stations, television stations, radio and television channel and frequency, radio and television transmission networks and the engagement in the video on demand business of radio and TV, (v) radio and television program production and operation as well as (vi) film production companies, distribution companies, cinema companies and the introduction of films are still prohibited. So good-luck to any Australians and Brits who want to operate Fox news style networks in China. There are other telecommunications related areas which are restricted and not prohibited. Not sure where would TikTok fall into exactly but it’s probably bot manufacturing.

55555 2y ago

> You have to give away 50% of your local subsidiary just to operate there. I'm not sure how generally you meant to speak, but this is no longer true as a general claim. "As of November 1, 2024, China has removed all restrictions on foreign investment in the manufacturing sector, allowing foreign investors, including Americans, to own up to 100% equity in Chinese manufacturing enterprises."

wqaatwt 2y ago
True. I missed that. Operating an online social network has nothing to do with manufacturing though. And investments into various telecommunications related areas are still restricted or outright banned. So foreign founded/owned TV stations like Fox News could never exist in China (for better or for worse).

olalonde 2y ago

What's your source on that? Apple, Microsoft, Tesla and Amazon all operate in China and I don't believe they had to give up 50% of their local subsidiary. Google withdrew from China because it didn't want to comply with local laws (e.g. censorship).

wqaatwt 2y ago
They changed it last year. Prior to that you generally could only have a 50% stake manufacturing companies (obviously doesn’t apply to Apple cause they never did any). https://en.m.wikipedia.org/wiki/Negative_list_of_foreign_investment_in_China https://en.m.wikipedia.org/wiki/Negative_list_of_foreign_inv... Passenger cars were removed in 2021. However: > .. (ii) news agencies, (iii) editing, publishing and production of books, newspapers, periodicals, audio-visual products and electronic publications, (iv) all levels of broadcasting stations, television stations, radio and television channel and frequency, radio and television transmission networks and the engagement in the video on demand business of radio and TV, (v) radio and television program production and operation as well as (vi) film production companies, distribution companies, cinema companies and the introduction of films are still prohibited. So good-luck to any Australians and Brits who want to operate Fox news style networks in China. There are other telecommunications related areas which are restricted and not prohibited. Not sure where would TikTok fall into exactly but it’s probably bot manufacturing.