From Zoom's S-1 [1]:
"In addition, we have a high concentration of research and development personnel in China, which could expose us to market scrutiny regarding the integrity of our solution or data security features. Any security compromise in our industry, whether actual or perceived, could harm our reputation, erode confidence in the effectiveness of our security measures, negatively affect our ability to attract new customers and hosts, cause existing customers to elect not to renew their subscriptions or subject us to third-party lawsuits, regulatory fines or other action or liability, which could harm our business."
[1] https://www.sec.gov/Archives/edgar/data/1585521/000119312519...
FTFY
Chinese companies legally cannot refuse a government request for data. https://en.wikipedia.org/wiki/China_Internet_Security_Law
Comparing that with US/EU private sector protections is absurd.
> It requires network operators to store select data within China and allows Chinese authorities to conduct spot-checks on a company's network operations.
More has been reported about the implications of the law:
> China’s National Intelligence Law from 2017 requires organizations and citizens to “support, assist and cooperate with the state intelligence work.”
https://www.cnbc.com/2019/03/05/huawei-would-have-to-give-da...