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SoftBank wrested back control of Arm China

asia.nikkei.com
41 pointsZafira4 comments
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That whole episode was deeply wacky. China is a much stranger place than anybody likes to think.

They launch orbital rockets successfully all the time, but they also have dozens of ghost cities packed with skyscraper apartments but exactly zero people and no (e.g.) plumbing, built just to sell to one another... sort of like Bitcoin, but concrete.

(Bitcoin is almost as weird as ghost cities, if you think about it.)

I presume there are some do/dont lessons about foreign joint ventures to draw from this

Another Arms race

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