this post was submitted on 18 Jan 2025
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it's reasonable speculation. they won't lose out on the entire U.S. market just to protect the data of one or two users.
idk, after watching ByteDance put lots of resources into trying to appease the great satan and still have TikTok banned, I don't see why XHS would play ball with the US. They have no US footprint, so can't be impelled to snitch.
A good part of their investors are foreign capital. GGV Capital is California-based venture capital fund focused on East Asian tech investment. HongShan is Sequoia subsidiary based in Hong Kong. DST Global is owned by Moscow-based Israeli tech entrepreneur, who just bought over an undetermined amount of their shares through secondary sales six months ago.
The exact amount of shares held by which investors is not known, but if they want to keep their investors, they will have to comply with US laws.
Having said that, I don’t think anything will happen from the US side. TikTok ban has more to do with the US tech companies wanting a slice of pie from the growing Chinese market, and lifting TikTok ban is going to be the bargaining chip to let them in. If the negotiation goes the way I think they are going, Trump gets to declare a PR win from TikTok fans, China probably lets in US tech investment to boost their economy.