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TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

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Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#131
post #46

US is doing with China what China did with them. American VCs and business men used to criticize and mock Chinese government for it. Since US is following the footsteps of China, I wonder whether Chinese will be doing what US VCs did?

Can you fill us in what they did for those who are uninformed?

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#132
post #124
post #46

US is doing with China what China did with them. American VCs and business men used to criticize and mock Chinese government for it. Since US is following the footsteps of China, I wonder whether Chinese will be doing what US VCs did?

Which also means USA is doing with it's citizens what China did with theirs. You will regret having the government choosing your apps and websites. Your jubilee will turn into sorrow, the Chinese way of life business is not a good life. You will regret becoming a China.

You will regret having the government choosing your apps and websites.

I agree, but this isn't far off from the GDPR and similar laws that take the view that individuals aren't competent to decide for themselves what privacy policies are acceptable.

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#133

Us companies like Facebook and Twitter had a chance to operate in China as long as they were willing to follow local laws/policies; they were banned because they didn’t want to cooperate. On the other hand, TikTok seems willing to obey us laws and is bringing its team/data center into the us. Banning TikTok in spite of that sounds similar to injecting disinfectant for COVID

China is a communist regime. They can do whatever the hell they want, why would american companies spend any time conforming to their demands when they can pull the rug out from under them at any time. Also, they would be under their total control forever.

> when they can pull the rug out from under them at any time

Are you talking about the US or China governement?

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#134
post #97
post #65

i don’t really get how this works. will the US one have global users or just US ones?

Global, unless other countries ban an app that US can use to spy on them.

but is there a non-US version of TikTok then too? i don’t understand how the two versions interact is what i’m saying.

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#135
post #108

Us companies like Facebook and Twitter had a chance to operate in China as long as they were willing to follow local laws/policies; they were banned because they didn’t want to cooperate. On the other hand, TikTok seems willing to obey us laws and is bringing its team/data center into the us. Banning TikTok in spite of that sounds similar to injecting disinfectant for COVID

Owned by the CCP therefore not capable of following US law.

The TikTok app is served by the US data center operated by a team in the US. If they violate any US law, federal regulators can find out and punish TikTok based on evidence like how they fined Facebook. Being owned by the CCP doesn't mean that they cannot obey US law. And it is really hard to imagine how CCP can harm the interests of the US people with those short fun videos. Does Trump believe virus spreads via these short videos?

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#136

Us companies like Facebook and Twitter had a chance to operate in China as long as they were willing to follow local laws/policies; they were banned because they didn’t want to cooperate. On the other hand, TikTok seems willing to obey us laws and is bringing its team/data center into the us. Banning TikTok in spite of that sounds similar to injecting disinfectant for COVID

China is a communist regime. They can do whatever the hell they want, why would american companies spend any time conforming to their demands when they can pull the rug out from under them at any time. Also, they would be under their total control forever.

> They can do whatever the hell they want, why would american companies spend any time conforming to their demands when they can pull the rug out from under them at any time.

I think you just described the US

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#138
While this sort of quashing of free markets may be permissible for sovereign nations, it comes with a heavy cost. Trump, and by proxy the U.S., moves to force the hand of ByteDance to divest itself of all interest in TikTok at fire sale prices through threat of shutting them down. The U.S. establishes its reputation for stifling competition whenever a strong enough sovereign interest is in play. China, and other countries, will respond in kind to protect their own interests - Tesla, Apple, Intel and whatever other company has a juicy stake in China are held hostage until they concede their interests of to a China state-run company. Imagine trying to do business in another country when the fear of takeover looms overhead if you ever become too successful? This behavior only serves to encourage more protectionist and isolationist markets.

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#139
post #95

From the US-China conflict perspective, it seems the Trump administration is looking for something that China cannot easily retaliate. China can easily pick a consulate to close when the US closes consulate in Houston. But businesses from the US in China always require Chinese companies to operate, just like World of Warcraft is operated by NetEase in China. After Microsoft acquire Tiktok's operation, if China just p…

Very much that. Beijing is running out of big "American" companies it can retaliate against. No Facebook in China, no Tviter in China, all major American brands are effectively franchises, or joint ventures, so they will be shooting their own business in the foot. They can of course order those Chinese joint venture owners to appropriate the American stake in their corporate entities, but those state never been high…

How about those 30 films Hollywood exports to China every year?

Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

#140
The interesting thing is that these platforms come and go. One year it’s Vine, another year it’s Snap, now it’s TikTok. ByteDance bought musically for $1B in 2017 and turned it into Tok.

3 years later, it’s grown like crazy because it’s the latest fad and would be smart for them to cash out before the next new thing hits

The whole divestment thing is probably a godsend for ByteDance, “forcing” them to liquidate their stake, but in reality let’s them cash out on an overhyped app that’s easy to copy

Must be laughing all the way to the bank

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