Table of Contents
IMPORTANT DEVELOPMENTS
CHINA TO HIT BACK
DETAILS
- Beijing would consider sanctions on entities whose activities “harm China’s national sovereignty, security, and development interests” or violate “internationally accepted economic and trade rules”.
- That language closely tracks wording that Beijing has used to repeatedly denounce US actions against Chinese companies.
AMERICAN COMPANIES THAT GENERATE REVENUE IN USA
- Some examples –
- Nike (NKE) brought in $6.2 billion in revenue from the Greater China region in 2018
- Several well-known food companies, including Starbucks, McDonald’s and KFC
AMERICAN COMPANIES THAT GENERATE REVENUE IN USA
DIVISION OF THE INTERNET
- However a larger question that exists is of the division of global internet
INTERNET SPLIT
- As both U.S and India continue to ban each other apps, it will become more difficult for the companies of the respective countries to do business
THE FUTURE
- KaifuLee, CEO of SinovationVentures
- And while there may be two internets coming, “it will not be China and the rest of the world. It will be China and countries that adopt Chinese apps, and countries that adopt American apps,” KaifuLee, the CEO of China-based venture capital firm SinovationVentures, told CNBC at Davos.
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