Re:Chinese Workers Abandon Silicon Valley for Riches Back Home
by zhipj on Thursday January 11, 2018 @02:32PM
(#16127005)
Where did you find that Chinese government forbids foreign companies to buy Chinese IP? Market is fair, someone wants to sell, someone has the money to buy, this is how business is done.
Re:Chinese Workers Abandon Silicon Valley for Riches Back Home
by badpun on Thursday January 11, 2018 @03:50PM
(#16127706)
Fair market requires working rule of law, while, from what I've read, even major global corporations (ABB if I remember correctly) can be cheated in Chinese courts for billions. I would not want to invest in IP in a country where my competitor can just sue me, bribe the judge and bankrupt my company.
Re:Chinese Workers Abandon Silicon Valley for Riches Back Home
by avinium on Friday January 12, 2018 @10:15AM
(#16133457)
Domestic acquisitions by foreign companies in any sector worth doing business in require approval by MOFCOM.
There's usually a lot of horse-trading that goes on before the formal application to figure out what's kosher to buy, and what's not.
Re:Chinese Workers Abandon Silicon Valley for Riches Back Home
by gumby on Thursday January 11, 2018 @02:43PM
(#16127118)
This comment was dead and I vouched for it. I believe (but do not know) that China is more restrictive IRT foreigners and IP but new commenter zhipj is quite reasonable in asking for references, especially for the specific claim.
One of my biggest concerns with China - as a a European - is that Brussel allows Chinese companies to buy huge amounts of European IP(eg robots, automotives, AI) but the Chinese government, on the other hand, forbids (or makes it very difficult) that foreign companies buy Chinese IP. So its a one way road !
Luckily some government officials now realized that and are actively trying to combat Chinese acquisitions (eg German foreign minister), but its still a real danger. China essentially takes huge advantage of our openness and our liberal markets but does not return the favour...