• @Knock_Knock_Lemmy_In
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    3310 months ago

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

    • @[email protected]
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      710 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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        910 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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        810 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.

      • @PriorityMotif
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        410 months ago

        Do you think that They could avoid doing something that the Chinese government tells them to do?