Trump 2.0 official thread

[tamsen_ikard]

I don't know how this thread got so derailed, but to bring it back on topic, we're getting more details on the Tiktok deal (@taxiya, you might be interested in these). The basic contours seem to be that Bytedance spins off a Tiktok (US) company to run the Tiktok platform. The new company will be majority-owned by a consortium of US investors, with a minority stake for Bytedance. The daily operations will be run by the same people as ever, with some new oversight from Oracle. There will be some kind of internal firewall between US and global versions. The algorithm will be licensed from Bytedance and reused, albeit with some US-specific tweaks to the parameters and data.

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All in all, I'd say this is a pretty solid win. The superficial optics (corporate shares, licensing, etc) become American, while the actual operations (code, data, etc) stay Chinese. If push comes to shove, control is in the hands of Bytedance engineers at the end of the day, not whatever investor's name is on the shares. The substance of the deal is broadly similar to the one in April, as I already said yesterday.

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As long as US tiktok stays under the de-facto control of Bytedance, I will consider that a win. With the deal like this, they are not creating a Tiktok Spin-off that can eventually challenge the global tiktok for audiance, that is key.

Hopefully this tiktok deal creates the framework for other Chinese apps to start entering the US market without worrying about getting banned in the future.

 

[RoastGooseHKer]

Nope, Shanghai should thank the rest of the country for sending top talents to the city to help built it to its current state.
Remember, the city didn’t pay for the migrants’ educations and the poor migrants’ children can’t get a decent education in the city and have to go back to their parents’ home towns.

Well the Hukou (Household Registration System) is indeed an unfair system, the state lacks the capacity to integrate migrants workers’ children into Tier cities. I mean it is just unrealistic and physically impossible to have children of migrant workers given the same access to education and healthcare as local Shanghainese, Beijingers, and Cantonese. No doubt it is unfair, but it is unrealistic to a have a sudden surge or elementary school kids and patients in the three Tier 1 cities. The entire welfare system would be saturated under such scenario in any country.

At the end of the days, it is about investing in more human capital in Tier 3 cities and inner provinces. It would have to be done via a combination of industrial policies (say Third Front 2.0) and market economy (ex. allowing provinces to flexibility adjust minimum wages and ease of firing in order to attract more businesses). Meanwhile, much more funding needs to be given to universities in inner provinces to accept their own students as well as students from other poverty stricken regions. For example, instead of giving affirmative actions to Tibet and Islamic regions (where education might risk them becoming more conscious of their unique identities), educational and gaokao point subsidies should be given to rural male students (China’s de facto Dalits) from Henan, Sichuan, Jiangxi, Yunnan, Guizhou, Hebei, etc.