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China has done this to U.S. companies in China, repeatedly, over and over and over again. The U.S. was able to do this to a Hong Kong company only because it h
by rprasad 14y ago
China has done this to U.S. companies in China, repeatedly, over and over and over again.
The U.S. was able to do this to a Hong Kong company only because it had an agreement with Chinese authorities (specifically, in Hong Kong as it is economically separate from the rest of the mainland) to do so.
- hobin 14y ago"China has done this to U.S. companies in China, repeatedly, over and over and over again." I'm curious. Can you can name a few examples?
- rprasad 14y agoThe only one I can name off the top of my head is Apex Digital (b/c it was HQ'd close to where I grew up). Apex was competing with a Chinese state-owned agency and rejected a buyout offer. Chinese officials arrested its CEO on fraud charges and tried to sieze the company's Chinese operating assets to give to the Chinese company. Eventually, Apex went bankrupt fighting the case. There are many more; the common thread is usually that these companies are competing with Chinese companies.
- Foy 14y agoKey phrase being "U.S. companies in China". Not "U.S. companies who don't operate in China".