ByteDance would rather shut down tiktok than sell it
ByteDance would rather shut down tiktok than sell it
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Good. China should also retaliate and start forcing American companies in China to hand over ownership
Seize the Tesla factory lmao
do it xi no balls you won't
dammit they're PUNKING me on hexbear. I have to actOverheard in The Great Hall of the People after the Hexbear post: “They got me,” Xi said of Hexbear's dunk on him. "That fucking Hexbear boomed me." Xi added, “They're so good at posting,” repeating it four times. Xi then said he wanted to add Hexbear to the list of liberal revisionists he dislikes this summer.
edit: need a better joke for the last sentence
Luckily for us the PRC isn't as easy to manipulate as marty mcfly in back to the future (oh you called me chicken? Guess I'll do whatever you want me to do now). They ain't taking the bait.
They already do....
Almost everything foreign in China is 51% state owned. McDonald's franchises, Costcos, Gucci stores, etc.
Those places entered into China while agreeing to those restrictions. That’s different than the US allowing foreign investment then rugpulling it and stealing the Chinese owned portion of a business after the fact.
In order to retaliate, China needs to seize or steal American capital.
In addition to that:
60% of ownership is by global hedge funds
so effectively half of bytedance is owned by westoids anyway
Might depend on whether that 60% has voting rights.
CPC has something called a golden share in a lot of companies. It's a 1% equity stake that allows for overruling voting power in certain elections
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We've gotta pump those numbers up
Do you have a source on that? As far as I understood, businesses in China need a degree of Chinese ownership, not state ownership.