this post was submitted on 08 Mar 2024
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[–] [email protected] 33 points 8 months ago (2 children)

Is it a private business if it's owned by the Chinese government?

[–] [email protected] 7 points 8 months ago (3 children)

It's really not though? The Chinese government has a 1% stake in ByteDance. Meanwhile ~60% is foreign investors – believed to be mostly American.

[–] [email protected] 9 points 8 months ago (2 children)

You have a misunderstanding of how China's government operates. It does not matter how much stake the government holds, companies just cannot say no to the government's request. Otherwise you will be disappeared. See Alibaba for example.

Remember, China does not have a democracy.

[–] [email protected] -5 points 8 months ago

That's literally the same thing the us government is doing here....

[–] [email protected] 8 points 8 months ago

Then it should be easy to buy out that 1% stake.

I'm not saying it's a good bill, but reducing interference by foreign governments in US sold products is not against any party's philosophies.

[–] [email protected] 4 points 8 months ago (1 children)

Do you think that They could avoid doing something that the Chinese government tells them to do?

[–] [email protected] 3 points 8 months ago (1 children)

You mean like how US ISPs wiretapped the Internet for the NSA? https://en.m.wikipedia.org/wiki/PRISM

But really, how dare anyone but us do that.

[–] [email protected] 2 points 8 months ago

Yes, why not let everyone do it if someone else is already doing it.

[–] [email protected] 1 points 8 months ago

No. It's a malicious foreign entity.