US to ban transactions with ByteDance and WeChat in 45 days

Re:US to ban transactions with ByteDance and WeChat in 45 days by sidlls on Friday August 07, 2020 @12:49PM (#24083972)

How is it good for American consumers? Their privacy is further eroded in service of a violently oppressive totalitarian state. Also, the companies these Chinese companies compete against do not have equal access to Chinese markets, providing a significant advantage to Chinese companies: the supposed benefit to the consumer (reduced prices due to competition) erodes quickly in such an environment.

[ Parent | on HN ]

Re:US to ban transactions with ByteDance and WeChat in 45 days by bradleybuda on Friday August 07, 2020 @02:29PM (#24085013)

The fact that TikTok has something like 70 million monthly active users in the U.S. is prima facie evidence that its existence is good for American consumers, who have chosen to consume it, regardless of any potential privacy issues.

I don't mean this to trivialize China's oppressive behavior. And sometimes the right way to punish regimes like China is with economic sanctions, even when those sanctions harm us as a side-effect - I don't know if that's the right answer in this case or not. But from a purely economic point of view, tit-for-tat trade sanctions are an own goal.

[ Parent | on HN ]

Re:US to ban transactions with ByteDance and WeChat in 45 days by tehwebguy on Friday August 07, 2020 @01:08PM (#24084182)

I don't think anyone cares anymore. Every ad network that slips through is probably propagating whatever data they get across all other ad networks instantly, so they are probably right not to care.

Plus, mine is but a grain of sand in China's endless beaches of data. Also, the only real solution is to use a shady VPN (that is probably owned by a government anyway).

It sucks and is terrible but I think that's just the way it is unfortunately.

[ Parent | on HN ]

Re:US to ban transactions with ByteDance and WeChat in 45 days by Cookingboy on Friday August 07, 2020 @01:03PM (#24084131)

> Also, the companies these Chinese companies compete against do not have equal access to Chinese markets

That's just not true. All American tech companies can operate in China if they follow local laws, that's why Skype and iMessage are popular in China. Chinese companies have to follow the same local laws as well. Google/Facebook, etc voluntarily pulled out of the Chinese market because they don't want to follow China's draconian tech laws.

[ Parent | on HN ]

Re:US to ban transactions with ByteDance and WeChat in 45 days by sidlls on Friday August 07, 2020 @01:15PM (#24084275)

Those laws require Chinese companies to have ownership stakes, sometimes majority ownership stakes, if not explicitly then effectively. That isn't "equal access".

[ Parent | on HN ]

Re:US to ban transactions with ByteDance and WeChat in 45 days by Cookingboy on Friday August 07, 2020 @01:49PM (#24084630)

Again, complete lies.

Ownership requirement is only for joint ventures. Both Apple and Microsoft operate in China in full capacity and neither companies are majority owned by the Chinese lol.

[ Parent | on HN ]

Re:US to ban transactions with ByteDance and WeChat in 45 days by sidlls on Friday August 07, 2020 @02:16PM (#24084892)

You're quibbling over technicalities. For most tech companies, operating in China requires a substantial relationship with Chinese owned business entities and partners, often tacitly, if not explicitly written by law, also requiring some shareholding or officer/executive relationship to manage the tangled web of CCP corruption.

[ Parent | on HN ]