> but I don't think this company is a SOE, at least from what I can tell.

There's no way to really tell. An authoritarian state like China can decide to control this company at any time, if it chooses to, through more direct or indirect means.

A well known story on this subject: https://www.wired.com/story/jack-ma-isnt-back/

It doesn't need to be an authoritarian government. The US government can proclaim a company to be of "national interest" at any time and thus determine what it can export or not, as it has done repeatedly over the last few years.

Restricting tech exports is not the same thing as the government taking control of a company.

Really? Would the company subject itself to this otherwise?

No company would subject itself to any laws of it didn't have to either.

You're trying very hard to make it seem like China isn't doing anything different than western countries for some reason.

that's literally the case tho so it is you who is trying to dig your head even deeper into the sand

I believe that private chinese companies still have to accompany communist party members atleast as employees. But again, I don't know the specifics.

I think slight variations of that happens everywhere. Chinese companies have legally required CCP connections, which sounds ominous, but American companies of substantial scale will have ex-government employees, resources allocated for lobbying, and connections to senators. The difference is whether it's codified and imposed or implicitly required for survival.

(not that I support CCP, the requirement do sound ominous to me)

Exactly, in the US the big companies also enter the government complex through board memberships and collaboration with 3 letter agencies, just like in China.

Squarex is responding in good faith and is being downvoted. We don’t downvote for simple disagreement around here.

(We shouldn’t postulate on rationale behind downvotes, but it’s not a good look for criticism to be downvoted regularly)

> I don't think this company is a SOE, at least from what I can tell.

How did you check?

> From the rest, it works the same as in the US. If the government comes with a lawful order for you to do something, you'll do it or be held responsible for ignoring it.

I’m always amazed when people ignore this. One day it’ll be stories about the CIA or whatever agency demanding data from a big tech company, with gag orders so they legally can’t even tell anyone. The next it’ll be a story about TikTok or DJI being bad because the Chinese government has influenced over them.

All big governments are like this.