> PRC banned exporting Bytedance algo. By that logic, no US companies are independent private companies due to US export controls. And TBH both points are true.
Chinese state control over private companies is far more pervasive, and less bound by rule-of-law, than that of the U.S. Export controls are not even the H2O molecule at the tip of the iceberg.
> Even PRC has never forced a US company from divesting US ownership
Bytedance is not being forced to divest; they can leave the market, just like Google and many others had to leave China.
Chinese state control over private companies is far more pervasive, and less bound by rule-of-law, than that of the U.S. Export controls are not even the H2O molecule at the tip of the iceberg.
> Even PRC has never forced a US company from divesting US ownership
Bytedance is not being forced to divest; they can leave the market, just like Google and many others had to leave China.