this post was submitted on 22 Mar 2024
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They're functionally forcing the sale of the company to a US Firm at fire sale prices.
Yeah, you are right. They should do like they do in China, sell to a JV with a local company at fire sales price... Oh wait
The Chinese policy is to share ownership with locals, so that a firm isn't simply extracting wealth from the Chinese market.
The American policy is to seize a pre-existing firm after it has developed, by accusing its Singapore founder of being a secret Chinese Communist.