• @Knock_Knock_Lemmy_In
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    3311 months ago

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

    • @[email protected]
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      711 months ago

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

      • @nialv7
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        911 months ago

        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.

      • @Knock_Knock_Lemmy_In
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        811 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.