> hereby they retain most of the equity upside but give majority voting control to a US buyer.
Keen to see this opinion when the Chinese government demands the same from Apple.
'cos we're all equal, no?
Keen to see this opinion when the Chinese government demands the same from Apple.
'cos we're all equal, no?
I imagine Apple already complies with whatever they need to comply with in order to make the Chinese government happy.
> 'cos we're all equal, no?
No, we absolutely aren't. The Chinese government has ensured for decades now that foreign businesses have only tightly controlled access to the Chinese people while Chinese-owned (i.e., easily controllable by the Chinese government) businesses have advantages not given to outsiders. (And those outsiders need to open up a Chinese subsidiary that is majority-owned by Chinese investors/companies.)
On the other hand, most Western countries have given Chinese companies near-unfettered access to their markets.
If anything, this TikTok ban is actually making things more equal, if only by a tiny bit.
Foxconn stops sending Chinese workers to India iPhone factories In addition, equipment shipments are delayed, potentially disrupting next-generation iPhone production in India.
https://restofworld.org/2025/china-foxconn-factoriesfoxconn-...
You really have to be braindead as a COO if you do not have contingency plan to move stuff out of China this year.
I do t use tiktok and have no skin in the game as an EU resident, but setting a precedent for this kind of behaviour to permit clthe government to simply block anything it wants is basically following in CCPs footsteps, that's certainly not a good thing in my eyes.
NBA, any company that makes anything within China using slavery, the guy/actor/wrestler (the name escapes me right now) who had to learn Chinese to apologize. Take your pick of "precedent".
1bn customers = a lot of money. A company that will kiss the ring will do the right thing by its shareholders and a nasty thing against humanity. I am 200% sure that Apple has given the keys for all users/phones/servers in China to the gov/CCP and nobody complained.
If North Korea had 1bn potential customers, we would be seeing Kim very differently.
We are cattle. It's all a 1984-ish sham.
Historically China has been so large and 'diverse' (not to be confused with DEI) (like India and Russia). It's not "one chinese person is just like anyone else". There are multiple Republics/States/etc. It takes an emperor to keep together an empire. And that usually requires (plenty of) violence.
Communism is built to make people suffer, remove individuality and requires total obedience and personal reformation to be the 'good citizen'. You and me both are EU citizens. We are all different and we respect/accept each other. In China if you disagree, you disappear. They would very much like to do the same to the rest of the world. And one day they will, just not yet. I hope they implode before they do (like all empires).
(apologies for the grim tone)(I suggest "Principles for Dealing with the Changing World Order by Ray Dalio": https://www.youtube.com/watch?v=xguam0TKMw8)
Houston Rockets GM and James Harden:
* https://en.wikipedia.org/wiki/James_Harden#Politics
* https://www.hollywoodreporter.com/news/general-news/nbas-apo...
* https://www.espn.com/nba/story/_/id/27787634/james-harden-ap...
https://www.theguardian.com/world/2021/may/26/john-cena-very...
Wild statement, so lets look at some data.
https://fr.statista.com/statistiques/1337388/classement-pays...
These are a list of the freedom of press in the EU with their corresponding indexes.
Lets compare that to the US : https://rsf.org/en/country/united-states
Index 2024 Score : 66.59
Not looking good for your opinion but lets look at some more that are consumer privacy focused, which was my main point.
https://iapp.org/resources/article/countries-at-a-glance-pri...
IAPP isn't a bad source IMO but hard to evaluate their methods, but lets see.
> Level of understanding about data collection and use
Netherlands : Weak - 14% USA : Weak - 24%
Not great, I could spend time finding more, but the summary is that the EU has regulations that require companies to limit the useage of consumers information and privacy. The EU is consumer privacy focused, wheras the US seems to be Enterprise & Organisation focused, also it's state level enforcements fracture enforcement even further.
Lets look at the US CCPA vs GDPR :
A crucial difference is that GDPR requires individuals to opt-in before businesses can collect data while there is no opt-in condition in CCPA.
That should say it all.
Edit : I forgot to add, outside of Sanctions the EU has no control to simply decide to ban a company when it feels like it.
Am I misreading what your intent?
Regulations are for the companies.. But they're not banned. It's a different model to the US.
To clarify. Companies are not banned.. they're fined (often not enough) until they align..
> regulations are for the companies. But they’re not banned.
So if they don’t follow the regulations they simply keep paying fines indefinitely? Until they run out of money? Until the company goes out of business? We aren’t banning those companies, instead we’ll attempt to bankrupt them if they stay in our markets; unless they do what we say. In other words, extortion?
This tiktok issue was brought under 'national security' with what feels like a "Trust me bro".
or... the nihilistic option:
People know China would engage in information warfare using TikTok in a situation like that, but they foolishly think the CCP is on even moral ground with free democracies so none of this matters, and we've gotta keep the funny musical memes flowing.
For all one's misgivings about the US -- and there are many valid ones! -- before deciding these governments are equal, talk to a Chinese political dissident, if you can find one, since they sometimes disappear.
The US is not a master piece of freedom. Want to market or own foreign shares? Want to travel to Cuba? Have you gone through the crazy US border control process as a foreigner?
Yes, China is absolutely worse. But the US is not a good example.
> Want to market or own foreign shares?
ADRs work for that, no?
> Want to travel to Cuba? Have you gone through the crazy US border control process as a foreigner?
I agree those things are bad, but they have nothing to do with market access, which is the topic at hand.
Is there any reason you’re skipping the past 40+ years of turmoil in the Middle East purely from the US trying to control oil fields? Because Iran would like a word with, and there’s a hell lot of other countries behind them waiting their turn
The OP was contrasting this with China, that does not allow foreigners access to their markets. As a regular American, quite honestly, I would like a bit of protectionism from the US, as I recently bought a house and had to compete with cash offers from Chinese banks. It's insane to me that we allow foreigners to buy property here, while our own citizens are being increasingly priced out of our own country.
Microsoft operated its own popular social network in China, called MSN Messenger. Tens of millions Chinese users were on that platform for like a decade until the release of mobile based WeChat.
> which the communist party in China has treated for years as a matter of national security
It is a matter of national security, we all saw what happened on twitter shortly before the 6th Jan 2021 attack.
https://www.presidency.ucsb.edu/documents/tweets-january-5-2...
https://www.presidency.ucsb.edu/documents/tweets-january-6-2...
That is the exact reason why everyone agreed that TikTok must host all US data and its deployed recommendation algorithm code in the US with 3rd party audit access by an appointed US entity.
The only question here is why should Meta and Google be exempted from the exact same rules if they want to operate their services in China.
They were defeated by the QQ app and shut down in 2014.
https://technode.com/2014/08/29/microsoft-messenger-shut-dow...
Microsoft retained a 50% ownership of MSN China, just check the link you cited. Microsoft also retained the full ownership of the MSN messenger software while MSN China was just in charge of its day to day operation in China.
Also interesting to see that millions of Tesla EVs are being sold in China, hundreds of millions other American cars were sold in the past, but when Chinese EVs try to crack the US market it sudden becomes a national security issue.
Why are you making it sound like China doesn't restrict Tesla for "national security"?
https://www.cnn.com/2022/06/23/business/tesla-barred-china-s... https://fortune.com/2023/07/26/tesla-cars-barred-china-world... https://www.carscoops.com/2024/01/more-venues-across-china-a... https://www.autoevolution.com/news/tesla-cars-are-banned-in-... https://www.foxbusiness.com/politics/china-bans-tesla-drivin...
https://www.bloomberg.com/news/articles/2024-04-29/as-musk-v...
DJI drones have been operated & tested by numerous US agencies for ages, yet it is still a national security threat. how convenient!
Apple is quite a special case since iPhone ecosystem creates many jobs in China. If Apple managed to move jobs to India (or wherever cheap labor is), Chinese government will stop being nice to them.
And even then, right now in China, iCloud service is run by Guizhou cloud, not Apple.
Yeah, and that reason was incompetence, it's not for lack of trying.
2) China absolutely did ban most external social media and forces those that remain to hold data locally.
3) China still has the Great Firewall that everybody forgets about.
4) "He does it too" is the argument a two year old uses and should be accorded the same level of respect.