Live data from Hacker News

Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

wsj.com

111–120 of 311 posts

Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

#111
post #9
post #7

Do all of you have WSJ and NYTimes subscriptions? I can't read any of those links submitted quite frequently

When is WSJ I don't even click anymore.

Subscribing to a few major newspapers is probably not a bad idea. Otherwise we’ll only see the news/ads FANG sees fit to show us.

Christian Science Monitor is apparently an overperformer (very modest brand awareness and hence very affordable, but generally respected for its journalism).

Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

#112

Which is amazingly hypocritical coming from the same administration that just passed a tax cut that will get us deeper in debt with much of that debt being held by the Chinese government.

Which can be wiped out by printing money in QE4.

And bad things never happen when countries start printing more money to pay off debt....

Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

#113
post #37

Earlier quoted context omitted.

Not GP, but I've pitched to a crossover fund from China and they were super seedy. On top of having a questionable website and other investments, one of the red flags was they wanted their engineers to review our source code before/without signing any NDAs or commitments.

Brit here. Reviewing source code before a purchase is pretty normal. I've personally done this for multiple companies that the enterprise I work for has purchased. In all cases it was a 1-day review, while supervised by someone from the company being purchased. It seems perfectly reasonable to get an idea of the state of what you are planning to purchase.

Without NDA?

Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

#114

Could somebody explain to me the vicious American hate for China from a totally uninformed viewpoint? Any links to read why I should also dislike China?

“It was the rise of Athens, and the fear that this instilled in Sparta, that made war inevitable.”

Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

#115
post #37

Earlier quoted context omitted.

Not GP, but I've pitched to a crossover fund from China and they were super seedy. On top of having a questionable website and other investments, one of the red flags was they wanted their engineers to review our source code before/without signing any NDAs or commitments.

You were surprised that China has red flags? (Thank you, I'll be here all week)

I find jokes are rare on HN, but I'll always upvote one that makes me chuckle

Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

#116
post #41
post #20

Earlier quoted context omitted.

It's precisely because the WSJ has a paywall (since 2007 IIRC) that it's not a "garbage site". That dubious honour would go to the hordes of medium.com and elektrek.co links who give their information away because, well, exposure is better than nothing. You get what you pay for.

It's still annoying. I subscribe to the NYT and WaPo. I can't even logistically subscribe to every news site I might get linked to. WSJ is the most obtrusive I've seen in terms of being restrictive towards non-subscribers. And there's STILL no micropayments solution that's widely adopted.

That is an interesting point. The reason I don't subscribe to NYT and WSP is that they don't have a 1-click cancel option.

Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

#117

Could somebody explain to me the vicious American hate for China from a totally uninformed viewpoint? Any links to read why I should also dislike China?

I don't think being suspicious of a country that has its citizens in literal concentration camps is "vicious hate". It's not a bad thing to turn a critical eye towards authoritarian states and questions their money and motives. Likewise, people should be critical of the US and its role in human rights violations.

https://en.wikipedia.org/wiki/Xinjiang_re-education_camps

https://www.france24.com/en/20190510-reporters-plus-survivin...

https://www.washingtonpost.com/opinions/global-opinions/the-...

Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

#118
post #6

Chinese investment means increased pressure on tech oligopolies* to increase censorship of media critical of China. They've been branching out to increase soft influence, keep news sites and Olympic committee from recognizing Taiwan as a separate nation. Then there's what is currently going on in Hong Kong. Chinese investor cash is effectively Chinese government investment. It's not a good thing. *edit

That includes Hacker News, by the way. Now that "YCombinator China" is a thing, sooner or later YC is going to start getting gentle insinuations that they really ought to tone down the criticism of China on that forum site they run, if they want to keep doing business there. Then the insinuations will get not-so-gentle, and at that point either YC China or Hacker News will get the bullet.

[deleted]

Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

#119

Writer of the article here. Totally get the frustrations with paywalls. Bottom line is feature stories like this take weeks, months, sometimes a year or more to produce. Sites without paywalls have to go for clicks (which are worth close to zero now that Google/Facebook gobble up most online ad budgets). If low value clicks are all you have, you end up like dailymail.co.uk. If you want high value news, you have to pa…

“If you’re not a 10 in the U.S., you’re not a 10 in China,” officials say they’ve told the executives. Not true. If you're a 5 in the US, you're not a 10 in China. However, being Asian might well cost you a point or two in the US, depending on whom you ask. There are some weird cultural things going on in the US, in particular, manifesting as biases. I was raised in a place where we literally had to drive almost 50 m…

There's also the thing where seemingly 90% of ads for luxury brands feature white people. If you're outside of SH/BJ, white, and over 5'10, you're a pretty interesting novelty. Definitely +2/10 at least.

Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure

#120
It's not just Chinese investors, even having large Chinese customers raises red flags during BD work for us.

We provide a SaaS for data analytics and often we hold a copy of the client database to provide rapid answers to queries.

We were recently finalizing a deal with a US based retailer when it came out that we worked operated in China and the tone of the conversation shifted immediately. They literally sought all manners of guarantees on data security and storage that were unnecessary, but due to the current climate, seems to make everyone paranoid.

Now we have to specificlly mention in our integration docs that when we do multi-zone backups, none of those backups are in China. They never were, but now we have to be explicit because it's coming up in so many of our conversations.

Our pilot with the Chinese company ends in November. We are seriously considering terminating the deal because it's trending towards the case where we can either have China, or Non-China markets. Not both.

Post reply on HN