Earlier quoted context omitted.
I had no idea that Tencent had full ownership of Riot games. Same thing with 40% ownership of Epic Games. Wow!
Also some percentage of Discord.
And Reddit $150M I believe (wow didn't know that about Discord).
US to ban transactions with ByteDance and WeChat in 45 days
261–270 of 1001 posts
Re: US to ban transactions with ByteDance and WeChat in 45 days
#262None of these Chinese companies would have grown to what they are today without intense government-enforced protectionism at home, and until China agrees to compete on a fair playing field I'm perfectly fine with them all being banned outside of their firewall. Would China ever agree to let Instagram, Facebook, YouTube, Snapchat, WhatsApp, Messenger etc. or any new startup operate freely and make money there? It shou…
Two wrongs don’t make a right. US companies don’t have to trade with China. But the US banning trade with China is nothing but an attack on Americans and my freedom to trade and communicate.
they don't, but WeChat is also huge security risk spying on people abroad with access to photos etc., tool used to tax evasion payments within the app etc.
for instance you go to chinese restaurant - you can choose to pay legally with card or cash money they have to tax or undocumented untaxed income through wechat
Re: US to ban transactions with ByteDance and WeChat in 45 days
#263Earlier quoted context omitted.
They have since clarified, only WeChat apparently https://twitter.com/SamAugustDean/status/1291576813685108736
Perhaps this was intentionally vague requiring clarification by WH? Everyone tonight learned how much of our media is owned by Tencent.
I don't think it was vague, the executive order stated:
> The following actions shall be prohibited beginning 45 days after the date of this order, to the extent permitted under applicable law: any transaction that is related to WeChat by any person, or with respect to any property, subject to the jurisdiction of the United States, with Tencent Holdings Ltd. (a.k.a. Téngxùn Kònggǔ Yǒuxiàn Gōngsī), Shenzhen, China, or any subsidiary of that entity, as identified by the Secretary of Commerce (Secretary) under section 1(c) of this order.
Re: US to ban transactions with ByteDance and WeChat in 45 days
#264Only took a couple decades to do this. A messaging app that allows China to read everything but not other countries should be illegal to begin with. Entirely secure or not at all is the way.
Re: US to ban transactions with ByteDance and WeChat in 45 days
#265Earlier quoted context omitted.
Email? I know that seems dismissive, but people got along just fine before Facebook, texting, WeChat, etc. I suspect in reality there will be an endless whack-a-mole game with messaging services where people use a different one fairly frequently.
The great firewall of China does block email. If your email address is blocked 1. When you send an email to a recipient in China who is using an email service provider whose MTA does not support SSL/TLS/STARTTLS: the delivery attempt by your email service provider will result in a TCP reset. 2. Similarly, if someone in China want to send an email to your blocked email address but their MTA doesn't support SSL/TLS/STA…
And if you can reach the MTA, that means the email itself is unencrypted. So the MTA can monitor the email content.
Re: US to ban transactions with ByteDance and WeChat in 45 days
#266This 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.
it's not only about protectionism, WeChat is also used for tax evasion through wechat payments, let alone security risks with Chinese gov having access to all photos, documents and videos of residents of US who have this spyware on their phone
Re: US to ban transactions with ByteDance and WeChat in 45 days
#267Only took a couple decades to do this. A messaging app that allows China to read everything but not other countries should be illegal to begin with. Entirely secure or not at all is the way.
Isn't this exactly what US companies do, and what the US government wants to do?
Re: US to ban transactions with ByteDance and WeChat in 45 days
#268Re: US to ban transactions with ByteDance and WeChat in 45 days
#269Re: US to ban transactions with ByteDance and WeChat in 45 days
#270Seems pretty weak to be honest. Definitely not the "American Great Firewall" that some were predicting.
After 45 days, would anyone logging into a Wechat server in China be guilty of circumventing an embargo? Would they have to actually be sending money?
Unclear, but defining accessing a server as a "transaction" for these purposes would be extremely aggressive, difficult to enforce, and challenged in court.