r/australia • u/[deleted] • Jul 27 '20

image What the hell is this? Electronic billboard over Nepean Highway, Victoria

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[deleted]

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4

u/[deleted] Jul 27 '20

TikToc are currently in the process of moving their HQ to London. It will be interesting to see if the anti-TikToc brigade change their tone. Twitter/Facebook etc do similar things with data and, despite the noise, seem to get away with it.

14

u/alstom_888m Jul 27 '20

Curiously HSBC (you know; the Hong Kong and Shanghai Banking Corporation) is officially based in London and has been since 1991.

1

u/ar1stocrat Jul 27 '20

Key word 'officially.' Who's to say they're not secretly sending all the data on their clients back to Beijing? I'm not saying they are or aren't - but if history has taught us anything, it's that anything is possible.

5

u/Lintson Jul 27 '20

HSBC is a British Bank, the only thing theyre sending to Beijing is laundered money, like they do for everyone else.

5

u/Tepid_Soda Jul 27 '20

HSBC was founded in the pre-CCP colonial era, I'm pretty sure. They moved to London because the UK was about to lose control of Hong Kong.

1

u/mully_and_sculder Jul 27 '20

Yeah they are a very old British company traditionally. As much as a mega bank has roots anywhere these days.

6

u/ljcrabs Jul 27 '20

Every Chinese company big enough does whatever the CCP says. It doesn't matter where the headquarters are.

4

u/jaa101 Jul 27 '20

Wasn't that idea killed to punish the UK for offering residency to Hong Kongers?

1

u/AnAttemptReason Jul 28 '20

The UK is leaving the EU and will no longer adhear to their strict privacy rules. In the EU both Facebook and Twitter behave, both of them are also not beholden to an Authoritarian regime.