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US to ban transactions with ByteDance and WeChat in 45 days

asia.nikkei.com

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

#101

Post by billfruit »

rtx wrote: post #55
thewarrior wrote: post #43

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…

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

There is no evidence of IP theft being established against TikTok and ByteDance. Presumably they don't seem to have broken US laws as of now.

Do countries take to banning Boeing, if they find problems with PepsiCo?.

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

#102

Post by keiferski »

thewarrior wrote: post #43

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…

Can China force Tesla to sell its Chinese operations because Teslas data gathering poses a national security risk ?

China can force any company out of the country for any arbitrary reason whatsoever. As far as I know, they are still banning Houston Rockets games because Morey supported Hong Kong in a tweet.

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

#103

Post by JCharante »

sneak wrote: post #15

An important note that nobody seems to be reporting on: this is only possible because Apple and Google have control over which apps are permitted on your device. The US government has no legal authority to ban publishing (including apps) in the US. They do, however, have the ability to regulate trade between the operators of the App Store (Apple) and the Play Store (Google), and app publishers, which is what they're…

On the bright side banning Chinese apps doesn't have an impact on the intentional users. By that I mean is that there seems to be a lot more app stores than just Play Store, and it's even common for Chinese apps to offer an apk download off their website. People who are unknowingly using Chinese developed apps are probably going to be the most affected because they're not familiar with side-loading applications and are just going to switch to their nation's version of the application which is probably the intention. It is kinda fair because as soon as a major country starts to practice protectionism then the rest have to or else they'll get unfairly exploited.

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

#104

Post by thewarrior »

peteretep wrote: post #85
thewarrior wrote: post #43

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.

China never forced US companies to sell their investments in China at firesale prices. This is not a proportionate response.

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

#105

Post by ashtonkem »

karterk wrote: post #81
danboarder wrote: post #40

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.

And this is where credibility matters. Do other countries believe that this is true, or do they believe that Trump is doing this because TikTok is full of teens & comedians that have made him look foolish?

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

#106

Post by euix »

thewarrior wrote: post #97
euix wrote: post #96

Earlier quoted context omitted.

I think we are already passed the point of any of this mattering. Increasingly the rhetoric seems to me to just be: what matters isn't who is in the right or what is just or fair. Increasingly the only thing that matters is which side you are on. Are you with us or are you against us? It's just dogma at this point. In this kind of environment people that are rational either stick to their tribe or learn to keep their…

Thats how world wars break out.

I might get downvoted for this but I think it's a very real possibility. Withdraw the embassy from Beijing, recognize Taiwan and force a embargo of all Taiwanese/Korean and Japanese semiconductor supplies and components to Mainland China.

Then sit back and let China then make the first move. Might not work, but at this point I wouldn't put it past somebody in the White House having already gamed it.

There has never been a case in human history where one group of people voluntarily gave up their wealth, status and privilege to another group of people. Wealth transfer always leads to violence.

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

#107

Post by zuppy »

suyash wrote: post #47
voisin wrote: 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.

Dumbstruck to find that there is a leader with a spine in this country? That's quite something.

If by xenophobia you mean spine, sure you have one. What do you think will happen next? What’s the message that we, the rest if the world, can take from this?

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

#108

Post by toomuchtodo »

keiferski wrote: post #102
thewarrior wrote: post #43

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…

Can China force Tesla to sell its Chinese operations because Teslas data gathering poses a national security risk ? China can force any company out of the country for any arbitrary reason whatsoever. As far as I know, they are still banning Houston Rockets games because Morey supported Hong Kong in a tweet.

More importantly, China has acted unilaterally in the past to inflict pain on western companies in preference of domestic firms. What’s new is the US doing it back.

Tesla was one of the first US companies to operate with the level of autonomy they have in China. Perhaps there is some retribution from the CCP, but such is the consequence of doing business with a totalitarian state.

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

#109

Post by [deleted] »

throwaway64054 wrote: post #19

The (US-HQ'd) company I work for has a small but significant office in China. We are not a household name, even within tech, so I doubt we'd be a target of any retaliation by China. However, my worry is this: Whilst we have a lot of really good people in China, we don't do any business in China (and there's no realistic prospect of us doing so). So at this point operating in China seems like a huge exposure to risk f…

[deleted]

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

#110

Post by peteretep »

thewarrior wrote: post #104
peteretep wrote: post #85

Earlier quoted context omitted.

> 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.

China never forced US companies to sell their investments in China at firesale prices. This is not a proportionate response.

Why do you believe it has to be firesale prices? Has intra-firm competition in the US for assets suddenly disappeared?
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