Tencent would never allow it.
Besides it’s software, that has no subsidiaries.
If it were cars like BYD or Geely then maybe.
In this case there is nothing to steal.
The US has a sale-or-ban order in force right now, it is not up to Tencent, but the Taco King right now.
Besides it’s software, that has no subsidiaries.
You must mean assets. I’m talking about the legal entity, that’s what subsidiary means, a local US sub-company owned by the Chinese parent company. US Tiktok operations are owned by the local US subsidiary Tiktok Inc, incorporated in California, owned by Bytedance. That ownership relation is entirely regulated by US law.
In this case there is nothing to steal.
$10 billion in US revenue, the market share and the cultural, societal and political impact of the platform is there for the taking.
Bloomcole@lemmy.world 2 months ago
LOL You can’t nationalise foreign companies.
HK65@sopuli.xyz 2 months ago
You can do so to the local subsidiary
Bloomcole@lemmy.world 2 months ago
Tencent would never allow it.
Besides it’s software, that has no subsidiaries.
If it were cars like BYD or Geely then maybe.
In this case there is nothing to steal.
HK65@sopuli.xyz 2 months ago
The US has a sale-or-ban order in force right now, it is not up to Tencent, but the Taco King right now.
You must mean assets. I’m talking about the legal entity, that’s what subsidiary means, a local US sub-company owned by the Chinese parent company. US Tiktok operations are owned by the local US subsidiary Tiktok Inc, incorporated in California, owned by Bytedance. That ownership relation is entirely regulated by US law.
$10 billion in US revenue, the market share and the cultural, societal and political impact of the platform is there for the taking.