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".
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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.
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.