Hacker News Reader

Comment by thesmtsolver2 | Hacker News Reader

Doesn’t TEMU have CCP ties? Free market is for businesses and individuals and foreign govt entities should not unfairly benefit from a free market.

View on HN

Every major PRoC company is required to have CCP ties; in addition to 'paying for facilitation' by local officials, a certain percentage of their employees must be CCP members.

All big companies in China are partially run by the CCP. Just how it works there.

Ties as in pay tax to ccp. In China Temu is called pinduoduo (拼多多）and you can buy some wild stuff there, the regulation on mainland seems also pretty lax i mean.

Sorry, ties, as CCP party committees inside private firms. And in case of Temu, it also has a data-sharing agreement with People's Daily [1], a CCP controlled media group.

Just image having a mandatory political party inside every American corporation which the board has no control over.

1. https://www.washingtonpost.com/national-security/2024/05/01/...

Everybody in china that gets big has CCP ties. No way around it. Their car manufacturers are all propped up by government.

Dont US law makers have stocks in the companies they regulate? Without term limits? And Tesla even gets paid per car sold

America is not China, but how close is it getting?

Last I heard the US govt is taking equity in some private industry too.

Doesn't Bezos have Trump ties?

Amazon has acquired several companies that were originally funded by In-Q-Tel, the CIA's venture capital front. This is pretty common in the tech industry. Some major tech companies, such as Palantir, were In-Q-Tel startups, and some began as CIA projects before In-Q-Tel was founded (Oracle).

Reply on news.ycombinator.com