Comment by stego-tech
16 hours ago
I suspect this is more of a warning shot to others attempting the same playbook ("Singapore-washing", as I've heard folks call it): the state is watching, and shifting geopolitics means it's in their interest to retain successful talent and entities at home rather than let opposition have them.
If anything, I'm genuinely surprised it took them this long. America's been doing this for decades without much in the way of pushback, so China must feel very confident in its position to use such tactics.
I don't know if America has done anything quite like this. The example I'm looking for is where a company starts in the US but leaves and incorporates outside the US and then the US attempts to block acquisition by a foreign company. Also, the enforcement mechanism while vague seems un-American. America might tax the company upon exit but it wouldn't hold the founders hostage in America. If you have examples I'd be curious.
You don't need to incorporate in the US for this to happen to you. You should look up what happened to Marc Lasus after he founded Gemplus (spoiler, he's on social security while the company the CIA stole from him has $3b revenue) or how Frédéric Pierucci was taken hostage to force the sale of France's nuclear reactors to General Electric. I assume the US does this to all the other countries too.
For reference: https://en.wikipedia.org/wiki/Fr%C3%A9d%C3%A9ric_Pierucci#Im...
This is relevant too: https://www.bbc.co.uk/news/world-europe-47765974
Being stopped that late is a bit different than the US AFAIK, but there is certainly the possibility of being stopped from work and (depending how you react) prevented from leaving the US for purely economic inventions:
https://en.wikipedia.org/wiki/Invention_Secrecy_Act
I find it notable that the US' actual checks on government have worked against expanding the secrecy act further into economic protectionism for favored industries, etc.
The US doesn't need to do 'something like this', they can just bar you from the global financial system if they don't like you. [1]
Or just order another country to snatch you up.
> https://en.wikipedia.org/wiki/Meng_Wanzhou
She was arrested, and was being extradited from Canada into the United States... Because her Chinese company was doing business with Iran.
> https://en.wikipedia.org/wiki/Viktor_Bout
This chap was arrested in Thailand, extradited, and did a decade in a US prison because he had the audacity of selling weapons from Russia to Colombia. I'm not sure how exactly US law is of any relevance to such transactions...
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[1] Or, since 2025, just shoot a missile at your boat, with an option for a follow-up salvo if there any survivors. Strangely enough, everyone who has managed to survive both the initial attack, and the double-tap has so far been repatriated to their countries of origin, with no charges filed by the US.
US has blocked merges of companies especially with Chinese and other non western companies. Including Japan, India etc.
For instance US Steel acquisition by Nippon Steel(japanese) is one such example. https://www.bbc.com/news/articles/cx2vz83pg9eo
More examples,
Ant Group(chinese) tried to buy MoneyGram (blocked in 2018) https://www.reuters.com/article/business/us-blocks-moneygram...
Xiamen Sanan Optoelectronics tried buying Lumileds, blocked again by US. Also Chinese ofc.
Broadcom and Qualcomm deal was also blocked, Broadcom was then Singapore based in process of moving to US I believe... (very sus happened in 2018 too, someone didn't pay Donald enough)
https://thediplomat.com/2014/02/india-inc-and-the-cfius-nati... Indian company forced to divest from US tech firm... (2013)
I am certain there must be European examples as well but smaller ofc, AI companies are over valued these days, most acquisitions were never this big in the olden days of pre 2020s...
I know for a fact that most folks don't want to invest in US for this reason other than in public equities or bonds ofc. Private foreign investment in US has been high only due to European pensions and Middle-eastern money going into it.
I don't know about how fair, far, or right it was compared to these were, detaining founders is also not confirmed, but sure let's assume it's true still...
Only difference in US is perhaps foreign folks can sue over it. Sometimes, if they are lucky and if the deal is worth it.
I find it strange people of HN being based in US can be so ill informed of what their country, does to foreign companies but be mad about things foreign companies do to them?
I mean sure rest(96%) of the world doesn't really exist, it's but a myth or a land the better folks of US only want to take value when needed?
Unsure what this comment meant, this has happened before as well btw, these are just post 2010s examples because they are relevant. Russians and US used to do this too, India and US were worse of pre-2000s, Japan and US were at their throats in 1980s, in terms of trade and acquisition...
We maintained control of EUV tech after selling key parts to the Dutch, but that came out of US public-private partnerships and not pure private.
Famously back in the day Grindr , which had a plot point in the Silicon Valley series . Probably more obscure ones that havent been heard of outside software in the Hard tech space like MotorSich (Ukranian) was being courted by Chinese investment got blocked due to US pressure. And very recently the whole TikTok fiasco.
What examples do you have of the US government doing to CEOs what has happened to people like Jack Ma and many other public figures?
For China, there are so many examples of people doing 180s and being full of contrition after those interventions, it's hard to imagine anything but severe intimidation or worse happening behind closed doors.
https://en.wikipedia.org/wiki/Joseph_Nacchio
A guy committing insider trading ain’t the same thing
https://www.politico.com/live-updates/2025/01/16/congress/ti...
I'm totally fine with what-about-ism here; making China a better place to live and do business is out of my jurisdiction and doesn't help me, encouraging the USA to do better will.
You've been all over this this thread responding with the same whataboutist comments claiming America does the same thing. And yet, I'm pretty sure America hasn't held American citizens hostage in order to force them to unwind a sale of a foreign company they founded to a different foreign company.
US absolutely has exit bans on people who break/is being investigated for national security and export control laws, which is what Manus did. Except Americans don't call it hostage taking when they do it.
I think the big difference is rule of law.
When the US does it, you can appeal with an independent court.
When China does it those options don’t exist.
Please cite an example.
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You're right. To my knowledge, we don't hold citizens hostage to force them to unwind the sale of a foreign company they smuggled out of America into another country to a different foreign company.
But you cannot seriously hold America up as blameless when we've wielded our economy as a cudgel against anyone we remotely disagree with (sanctions against Cuba, Iran, China, Russia, etc; tariffs against everybody), have military bases scattered around the world to invade anyone at a moment's notice, regularly park our navy off foreign shores to coerce desired outcomes, and dronestrike civilians as a final saber-rattling before full-fledged conflict.
The details change, but the fundamental playbook - using state violence to coerce outcomes favorable to said state - is far from new. Hell, take a look beyond the past thirty years of history and there's a glut of incidents where empires used this sort of leverage to achieve outcomes - including the United States! We've traded political prisoners to achieve negotiated outcomes repeatedly, we just use different words to make ourselves feel better about it. We've propped up entire puppet states to ensure American corporate interests were served instead!
Like, holy shit, why do I have to teach you naysayers what's already outlined in history books just because you can't be bothered to do the assigned reading?
Just last year the USA de-banked (from EU banks) EU citizens who are International Criminal Court officials for "opening preliminary investigations against Israeli personnel". The USA wields incredible power over financial interactions.
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Of the course the USA does it. Obama was totally ruthless with such economic warfare, including on the US usual lackeys. See for instance:
https://en.wikipedia.org/wiki/Fr%C3%A9d%C3%A9ric_Pierucci
While I don’t agree with your tone, and I’m sure an unbiased reading of history also wouldn’t agree with your tone…
Who would you rather be world police? One or more of Cuba, Iran, China, Russia?
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> You're right.
You should have just left it at that.
I don't think anyone is holding the US as blameless or perfect, but it gets exhausting to see Chinese propaganda every single time anything like this happens.
When the US does something reprehensible, people rarely come up in droves going on and about China's enablement of the North Korean regime or the many abuses enacted on its population, but every single time the US does anything we had to read a whole lot on how "at least China doesn't invade countries" as if the prime reason as to why China doesn't tend to involve itself militarily isn't precisely American hegemony. The rate at which the country is portrayed as some paragon of human rights, equality and peacefulness is either insane, deluded, or paid for.
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> have military bases scattered around the world to invade anyone at a moment's notice
I wonder how that came about?
What’s that fence analogy called?
Chester-what?
I think people are frustrated with the firehose of whataboutism rather than disagreeing with you with the idea that things are not perfect.
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> The details change, but the fundamental playbook - using state violence to coerce outcomes favorable to said state - is far from new. Hell,
There is a massive difference in degree and kind here. Mixing them up at this level is spherical cow territory.