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US to ban transactions with ByteDance and WeChat in 45 days

asia.nikkei.com

291–300 of 1001 posts

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

#291
post #86
post #81

Earlier quoted context omitted.

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?

In terms of benefiting the government of China, yes.

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

#292

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…

> forcing the US taxpayer to incur serious losses in keeping the company afloat.

That would be a first now would it.

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

#293
post #82

Earlier quoted context omitted.

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.

Eh, it's a pretty good propaganda channel

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

#295
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.

How is Instagram's Reels not IP theft? "Good artists copy; great artists steal" - Steve Jobs

Software is generally harder to pin down than other things when it comes to IP theft, but even so there is still a clear distinction between "stealing" a feature and stealing the actual code that enables that feature. China / Chinese companies have been consistently caught doing the latter. They also do the former but that is not what anyone is complaining about.

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

#296
post #8

Earlier quoted context omitted.

Having to pay for storage seems to be a better outcome than total foreign intelligence penetration and public opinion influencing.

> public opinion influencing Has the USA not been doing that all over the world since forever? Hell, they usually just change governments directly, without even bothering with public opinion.

Not through intentional federal policy. It's a side effect of US companies being the world over and US culture being spread by those companies.

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

#297
post #148

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…

Despite all this, US tech firms still have a harder time operating in China. > A meta point I'd like to add is that currently 10 % of the earths population in the "Westosphere" controls 60 % of the worlds wealth. True wealth is really hard to measure. Stocks and dollars and euros are not wealth. They are mediums of exchange no different then dogecoin. When I am hungry, I can’t eat them directly, I can only trade them…

> US tech firms still have a harder time operating in China.

It's entirely hard to believe this considering the obscene amounts of profits that US companies make by just "designing in california". Our whole era is enabled and defined by cheap chinese labor.

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

#298
post #106

Earlier quoted context omitted.

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 b…

> 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.

The Velvet Revolution comes to mind. Of course there is a possibility/threat of violent escalation in negotiating these things, but rational actors can make the calculus that getting a good enough deal guaranteed is better than fighting and potentially loosing a better one. However, it requires a non-totalitarian view of the world (i.e. the others are not enemies no matter what and must be punished for their bad deeds doesn't really allow you to negotiate in a de-escalatory manner).

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

#299
post #189

Earlier quoted context omitted.

More likely the end of one-sided free markets. There's no suggestion that the US is about to pull the same shit on countries that don't try and hobble US tech companies.

The EU will probably start to tax tech companies that avoid taxes by registering in tax havens within the next few years. If that's the US' sole motivation, it seems like a receipt for disaster.

I don't have a problem with this. US companies haven't been bringing foreign revenue home because the tax rates are too low in other countries. If EU taxes them then they'll bring the revenue home.

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

#300

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…

Your Chinese employees will be fine, but foreign personel coming in should indeed be very careful not to pique the party's attention as it will actively be seeking pawns.
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