Yapdatfool

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Facebook being blocked hasn't stopped meta from doing business with China:


Meta has found a way to claw its way back into China.

The Facebook owner has cut a deal with Chinese conglomerate Tencent to start selling a new and cheaper version of its virtual reality headset in late 2024, The Wall Street Journal reported.

Meta plans to use cheaper lenses than the ones it uses in its VR headset Quest 3, and it will have the lion's share of sales. Tencent, one of the world's biggest video game vendors, will have the majority split from content and service revenue, the report said.

The agreement comes after almost a year of negotiations between the tech titans, and 14 years after China gave Facebook the boot.

Striking a deal with domestic Chinese firms appears to be the only way for major US tech companies to get a foothold in the market.
China has largely banned US tech firms, bar Apple, from doing business there for several years. The communist-run country has maintained a "Great Firewall" by enforcing tight restrictions on what platforms and websites are allowed to operate there.

Domestic players such as Tencent, Baidu, and Alibaba dominate China, and the government has long restricted foreign companies like Meta from operating there.

The Chinese government shut out Facebook in 2009, following protests that broke out in the Xinjiang province, Urumqi, ABC News reported at the time. The protests came after the death of a Uyghur factory worker in China and the perceived inaction from the government.


The Chinese government is not shy about censoring the internet. As tension rose over Tibet before the 2008 Olympics, sites like Youtube, Facebook, Twitter and even Wikipedia found themselves blocked. After the Olympic frenzy, the government seemed to relax and many sites become accessible again. Youtube and most major blog sites, however, were re-blocked this spring when a video of a Buddhist monk being beaten surfaced. Now, in light of the riots in Urumqi, Xinjiang, which the media is calling the next Tiananmen, or the Tibet of 2009, the government is refocusing on internet censorship. The Latest casualty? Facebook. When you try to access Facebook in China, an error message appears saying “Network Timeout.” This means that Chinese residents are without Youtube, Twitter, and other sites where content is predominantly user generated. Interestingly, the Chinese equivalent of many of these sites (i.e., Youku, the Chinese version of Youtube or Xiaonei, the version of Facebook) remain available. One possible explanation for the choice to block major foreign sites and not their domestic equivalents is that the Chinese government might be more concerned about international criticism than internal tension.


Even sites that have not been blocked have been closely monitored. Any content made by either government supporters or Uighur sympathizers that is deemed controversial is immediately taken down by officials. Additionally when you plug in words like Uighur or Xingjiang into popular search engines like Google, sometimes the search engine will abruptly stop working, just to resume about 30 seconds later.


The government has become increasingly aware of methods to override their firewall. Sites that offer downloadable programs such as Freegate and Ultrasurf have been blocked. Other proxy servers are working to stay ahead of government efforts to shut them down, but many have been unsuccessful. In Urumqi, communications security is tight. The internet has been cut, except for a press room which has been provided by the Chinese government. Fifty computers are going to be used to support all of the journalists covering the riots.
 

bnew

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Former Treasury Secretary Steve Mnuchin says he’s putting together investor group to buy TikTok​

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FILE - Former Treasury Secretary Steve Mnuchin speaks with reporters outside the White House, March 29, 2020, in Washington. Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn’t sell its stake.(AP Photo/Patrick Semansky, File)

BY ASSOCIATED PRESS

Updated 10:19 AM EDT, March 14, 2024

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Former U.S. Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn’t sell its stake.

TikTok, which has more than 170 million American users, is a wholly-owned subsidiary of Chinese technology firm ByteDance Ltd.

Speaking on CNBC’s “Squawk Box,” Mnuchin said Thursday that he believes TikTok should be sold.

“This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China,” said Mnuchin.

Mnuchin, the U.S. Treasury secretary under President Donald Trump, didn’t provide details on who else may be included in the investor group he plans on forming or TikTok’s possible valuation.

TikTok did not immediately respond to a request for comment.

The House bill, passed by a vote of 352-65, now goes to the Senate, where its prospects are unclear. House lawmakers had acted on concerns that TikTok’s current ownership structure is a national security threat.

Lawmakers in the Senate have indicated that the measure will undergo a thorough review. Senate Majority Leader Chuck Schumer, D-N.Y., has said that he’ll have to consult with relevant committee chairs to determine the bill’s path.

READ MORE


Chinese security personnel attempt to push Chinese journalists from the scene of an explosion in Sanhe city in northern China's Hebei province on Wednesday, March 13, 2024. City officials in eastern China have apologized to local journalists after authorities were shown pushing them and trying to obstruct reporting from the site of a deadly explosion, in a rare acknowledgment of state aggression against journalists. (AP Photo/Ng Han Guan)
Chinese city officials issue a rare apology after authorities harass journalists on live TV


Devotees of TikTok, Mona Swain, center, and her sister, Rachel Swain, right, both of Atlanta, monitor voting at the Capitol in Washington, March 13, 2024. (AP Photo/J. Scott Applewhite, File)
US lawmakers see TikTok as China’s tool, even as it distances itself from Beijing




President Joe Biden has said if Congress passes the measure, he will sign it.

TikTok has long denied that it could be used as a tool of the Chinese government. The company has said it has never shared U.S. user data with Chinese authorities and won’t do so if it is asked. To date, the U.S. government also has not provided evidence that shows TikTok shared such information with Chinese authorities.



WHO ELSE COULD BUY TIKTOK?​

While some others have voiced an interest in buying TikTok’s U.S. business — among them “Shark Tank” star Kevin O’Leary — there are a number of challenges including a 6-month deadline to get it done.

“Somebody would have to actually be ready to shell out the large amount of money that this product and system is worth,” said Stanford University researcher Graham Webster, who studies Chinese technology policy and U.S.-China relations. “But even if somebody has deep enough pockets and is ready to go into negotiating to purchase, this sort of matchmaking on acquisitions is not quick.”

Big tech companies could afford it but would likely face intense scrutiny from antitrust regulators in both the U.S. and China. Then again, if the bill actually becomes law and survives First Amendment court challenges, it could make TikTok cheaper to buy.

“One of the main effects of the legislation would be to decrease the sale price,” said Matt Perault, director of the University of North Carolina’s Center on Technology Policy, which gets funding from TikTok and other tech companies. “As you approach that 180-day clock, the pressure on the company to sell or risk being banned entirely would be high, which would mean probably the acquirers could get it at a lower price.”



HASN’T SOMEONE TRIED TO BUY TIKTOK BEFORE?​

Yes. The Trump administration — Mnuchin was Treasury secretary at the time — brokered a deal in 2020 that would have had U.S. corporations Oracle and Walmart take a large stake in TikTok on national security grounds.

The deal would have also made Oracle responsible for hosting all TikTok’s U.S. user data and securing computer systems to ensure national security requirements are satisfied. Microsoft also made a failed bid for TikTok that its CEO Satya Nadella later described as the “strangest thing I’ve ever worked on.”

Instead of congressional action, the 2020 arrangement was in response to then-President Trump’s series of executive actions targeting TikTok.

But the sale never went through for a number of reasons. Trump’s executive orders got held up in court as the 2020 presidential election loomed. China also had imposed stricter export controls on its technology providers.
 

mastermind

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Did you really forget all this shyt is banned in China?

:mjlol:
It’s not banned in China. The original app is called Douyin, which TikTok is based.

Moreover, the Chinese have tighter regulations in this shyt while the US lets companies do why they want
 

88m3

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It’s not banned in China. The original app is called Douyin, which TikTok is based.

Moreover, the Chinese have tighter regulations in this shyt while the US lets companies do why they want

I was replying to a quote about about facebook and twitter....

They also have social credit scores do you also support those?


Listen if China wants do all kinds of crazy shyt with their citizens data that's an internal matter. I don't think there's a legitimate reason for them to be able to do the same with US's citizens.

The Chinese state can do whatever it pleases with their companies and citizens so it's frankly irrelevant lmao

I support much stricter standards of data protections for US citizens. That isn't the issue that's even being discussed.

:why:
 

88m3

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And that’s the issue with issuing a TikTok ban instead of offering regulations that would impact all of data sharing companies. That’s why a lot of us are anti this ban because it isn’t solving the problem.

One is about national security, ai, and likely ip theft and the other is marketing/data sharing. It's not even a ban it's a forced sale because China is a bad actor.

They're combating two separate problems.
 

mastermind

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One is about national security, ai, and likely ip theft and the other is marketing/data sharing. It's not even a ban it's a forced sale because China is a bad actor.

They're combating two separate problems.
all of these tech companies are national security threats, with Google and Amazon being bigger threats.
 
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