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US to ban transactions with ByteDance and WeChat in 45 days

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

#111
post #27

Earlier quoted context omitted.

You won't be able to play overwatch anymore.

I think you're thinking of league of legends, unless they also have a controlling stake in Activision. I believe their stake a Activision is very much a minority position.

Correct, I believe they hold 5% in Activision Blizzard.

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

#112
post #84

Earlier quoted context omitted.

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.

What does this "open up" actually mean? A bunch of American companies have set up shop in China, which was not possible 50 years ago. Now it's common for huge entertainment properties like blockbuster movies and the NBA to get a massive share of revenue from China. Video game consoles are now legal. And of course, China is now essential in the production of most American products.

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

#113
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.

Yes, by mirroring China’s authoritarianism and restricting the freedom of Americans. I’m living overseas and now my government is telling me I can’t use WeChat? Telling me who I can and cannot trade with, etc.

Restrictions on trade with China are attacks on our freedom.

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

#114
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.

What do you mean transfer IP? Is that any different than give us your IP?

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

#115
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.

A Cold War scenario is far more likely. Remember that the tension with the Soviets was far, far, higher, and that never turned into a full-on war.

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

#116

Earlier quoted context omitted.

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.

Why is this downvoted? It’s true. Everything the US is doing, China has been doing for decades one thousand fold. Whether that’s right or wrong is a different issue.

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

#117
post #84

Earlier quoted context omitted.

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.

Blockbuster? Huh?

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

#118
post #60
post #47

Earlier quoted context omitted.

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

Doesn’t this mean that the US is getting closer and closer to a dictatorship?

No it means US has a leader who is finally thinking rationally about China, instead of falling into the greed trap that most other politicians have been stuck in.

In my opinion, if China wants to be a part of the global economy, China must let the globe be part of its own economy. Facebook, Google, Twitter have been systematically forced out of China. Why should we let Chinese social media sites in our countries?

The specific act of banning TikTok seems petty and uncalled for, but we have to start somewhere.

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

#119
post #96

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…

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…

China is likely playing the higher ground to see who wins in November. Biden will undo all of this and go back to ceding America’s prosperity to the dictatorship of China.

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

#120
post #27

Earlier quoted context omitted.

You won't be able to play overwatch anymore.

I think you're thinking of league of legends, unless they also have a controlling stake in Activision. I believe their stake a Activision is very much a minority position.

Fortnite is probably the biggest thing impacted by this if true.

Edit: Tencent related gaming companies apparently not impacted.

https://twitter.com/SamAugustDean/status/1291576813685108736

"White House official confirmed to the LA Times that the EO only blocks transactions related to WeChat"

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