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China ‘suspends Tencent from updating existing apps’
It is not known how long the suspension will last and the Chinese ministry has not published any information about the ban.
www.scmp.com
Kinda sucks for people on the mainland...
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China suspends Tencent from updating existing apps or launching new apps
- Thread starter Chairmanchuck (另一个我)
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www.scmp.com
Kinda sucks for people on the mainland...
Their facial recognition tech failed or something? Seems like Tencent along with Huawei did whatever it takes to keep CCP happy, a bit of an unexpected development tbh.
I was expecting the Chinese government to try to put Tencent down a peg via indirect measures (eg further restrictions or a potential ban on videogames). I didn't expect them to use the Garth Marenghi school of lawmaking and flip the bird directly and explicitly at Tencent.
Isn't WeChat all encompassing on the mainland? This is surprising even for CCP, especially on the app updates.
Yes and no. A company like Riot that is based in the US can only be so influenced by whatever the Chinese government wants even if Tencent is the owner. That is unless Tencent just goes full compliance mode and enforces it on them themselves, which they have been pretty much against the whole time this weird crackdown has been going on.
Of course they can. Hard to invest from "re-education camps".
Eventually this thing is going to come to a head. Either Tencent will have to change course and start playing ball with the government or they'll have to just get out entirely which would be catastrophic for their business. But this proxy war of signals and "temporary suspensions" can't continue indefinitely.
I tend to wonder if Tencent can simply shut its doors in China. Don't they have offices overseas?
If you think they can do that then you don't understand how these companies operate. See Jack Ma as an example.
They could move their HQ but that would essentially end their business in China because that would go over very poorly. So the decision they have to make is if it's better to take that hit and rely on their business worldwide to pick them back up or let the government do whatever they want with them. Either way they are facing retaliation from the government.
Scenario 1 is Tencent is broken up into Tencent China and Tencent Rest of World, in which case the latter inherits the investments. Scenario 2: each individual component gets sold to the highest bidder.
"Security assessment" may mean the CCP having things in place to track people and their data over seas etc. their version of security in many cases is more spying on people.
also many countries have laws about where data resides for legal purposes so that it can't get seized but I doubt this is what is happening here.
If you want to take that government at their word… go for it. lol
For their bigger assets, they might initiate IPO.
NetEase is doing it also:
China's NetEase restarts Hong Kong IPO for music streaming unit
Selling peoples data and using people data to subjugate them are two wildy different things.
China’s New Power Play: More Control of Tech Companies’ Troves of Data
Beijing is calling on tech giants to share the huge amounts of personal information they collect—and asserting its authority over data held by U.S. companies operating there as well. The efforts are part of Xi Jinping’s push to rein in the country’s increasingly powerful technology sector and...
www.wsj.com
This details what's been going on and this is another part of it.
I'm assuming non Chinese companies with Tencent investment or that are owned by them (eg RIOT) etc aren't affected by this?
The US does the same, too. It's not like the you can exactly trust our government with personal information:
PRISM - Wikipedia
Ok so who is saying the us is good? First you say no big deal now you say the us does it too so that makes it ok. It's not okay and even with your example the level of extremes here is still different.The US does the same, too. It's not like the you can exactly trust our government with personal information:
PRISM - Wikipedia
en.wikipedia.org
Ah yes because the others do it it makes it ok!
I wonder if their games and platforms were allowing people to communicate more openly or something
I'm just saying that stepping in to regulate tech companies is a good thing?
There is regulation and there is overreach if you can't distinguish between the two I'm not sure we are talking on the same level here.
I wonder if this is related to that new data law that supposedly is why Chinese ships are turning off AIS systems (trackers) in mass.
China is suddenly making very extreme but isolationist moves. Only benefit for the rest of the world is that global businesses will turn away from doing business there as soon as possible because this just makes life way too difficult. Still, the Government is making some very concerning moves of late.
China is suddenly making very extreme but isolationist moves. Only benefit for the rest of the world is that global businesses will turn away from doing business there as soon as possible because this just makes life way too difficult. Still, the Government is making some very concerning moves of late.
The article is talking about a government regulating a private company (which generally, but especially in this case, is a good thing). It was other posters who brought up the Chinese government spying, and implying it was especially bad compared to other countries
I don't know TrueSloth but going off their posts so far, I get the impression they would be fine with even the US government regulating tech companies too
The weird thing is the huge double standard that this forum has whenever China are involved
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