Live data from Hacker News

US to ban transactions with ByteDance and WeChat in 45 days

asia.nikkei.com

81–90 of 1001 posts

Re: US to ban transactions with ByteDance and WeChat in 45 days

#81

This is sad, we in the US are losing the little high ground we had and no longer lead by example to bring the world closer together by encouraging free markets and free people. I'm against this protectionist nationalism, it only leads to future conflict.

US is merely reciprocating the policies of CCP: let them allow US companies to compete fairly in China as well.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#82
post #25

Is there any precedent for a president to do such a thing? I am completely astonished and dumbstruck that everyone is ok with this.

The government frequently bans foreign products that have national security implications.

The ban of an app like TikTok is absolutely unprecedented and is very atypical. This isn't par-for-the-course behavior by the US government, and the outcome of this ban will set a precedent for other apps the US bans on "national security" grounds.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#83
post #68
post #55

Earlier quoted context omitted.

What are your views on IP theft by some companies there. Should that be considered first strike by China.

Has Bytedance been implicated in IP theft?

The question asked is "has China" and the answer is yes. China has a direct majority stake in technology companies specifically for data collection

Re: US to ban transactions with ByteDance and WeChat in 45 days

#84
post #55

Earlier quoted context omitted.

What are your views on IP theft by some companies there. Should that be considered first strike by China.

China says if you want to set up a factory in China you need to transfer IP. They aren't forcing western companies to invest. Most companies invested voluntarily. And this was seen as mostly OK when the rivalry wasn't as heated.

It was tolerated in the hope that over time China would open up. But that did not happen. When facts change, time to change your strategy.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#85

Some people here are wondering about the implications of this. What this means IMO is that all Chinese investments in SV need to be liquidated at fire sale prices in the next 45 days. Regardless of how people here feel about China this is a huge escalation. The US is inflicting huge losses on Chinese companies for no clear violation of US laws on their part. The pandoras box is now open. Do countries get to do this t…

> Do countries get to do this to each other whenever they feel like it now

No, but wake me up when the US does this to another free and open country, rather than one that has a history of aggressively doing this to Western countries.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#86
post #81

This is sad, we in the US are losing the little high ground we had and no longer lead by example to bring the world closer together by encouraging free markets and free people. I'm against this protectionist nationalism, it only leads to future conflict.

US is merely reciprocating the policies of CCP: let them allow US companies to compete fairly in China as well.

> US is merely reciprocating the policies of CCP

Does this mean the policies of the CCP are superior to US policy to date?

Re: US to ban transactions with ByteDance and WeChat in 45 days

#87
Can't have China influencing the election. That's Russia's job. It's not like these companies are new or doing things that every tech company in the world isn't doing. National security is clearly a pretense that's laughable. If that was the case, we'd see Facebook, etc. banned in many countries.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#88
post #24

Which workarounds you suggest around the Great Firewall of the United States of America?

Might be time to start a VPN service with exit points in China!

I get it's a joke but this is already a popular service as many services are inaccessible outside the GFW or extremely throttled.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#89
post #78
post #69

The ongoing anti China circus through executive orders is arbitrary and draconian to say the least... and while I've been mostly ignoring it so far, a lot of Americans live in China and have money on Wechat. Are they now violating this week's "law"? The actual executive order: https://www.whitehouse.gov/presidential-actions/executive-or... It's quite short and just adds a lot of FUD

I just went to my Wechat to try to transfer my money left in there to a friend. Transfer isn't going through.

Huge implications if this is true and WeChat has already locked down money transfers. How could you get it out? Bitcoin?
Post reply on HN