It's not just Chinese investors, even having large Chinese customers raises red flags during BD work for us.
We provide a SaaS for data analytics and often we hold a copy of the client database to provide rapid answers to queries.
We were recently finalizing a deal with a US based retailer when it came out that we worked operated in China and the tone of the conversation shifted immediately. They literally sought all manners of guarantees on data security and storage that were unnecessary, but due to the current climate, seems to make everyone paranoid.
Now we have to specificlly mention in our integration docs that when we do multi-zone backups, none of those backups are in China. They never were, but now we have to be explicit because it's coming up in so many of our conversations.
Our pilot with the Chinese company ends in November. We are seriously considering terminating the deal because it's trending towards the case where we can either have China, or Non-China markets. Not both.
I worked with US and European financial institutions who regularly requested / needed guarantees that data (not necessary financial data, all sorts of data), who had access to what, and etc.
Most of it all seemed design to ensure that the things / company / people were within a reasonable legal context, sometimes that context was just what country the data was in, the people who worked on it.
Laws provide everyone a framework to know how things might play out if something goes wrong, if someone is in a country that generally doesn't respect those laws all rules are out the window.
We provide a SaaS for data analytics and often we hold a copy of the client database to provide rapid answers to queries.
We were recently finalizing a deal with a US based retailer when it came out that we worked operated in China and the tone of the conversation shifted immediately. They literally sought all manners of guarantees on data security and storage that were unnecessary, but due to the current climate, seems to make everyone paranoid.
Now we have to specificlly mention in our integration docs that when we do multi-zone backups, none of those backups are in China. They never were, but now we have to be explicit because it's coming up in so many of our conversations.
Our pilot with the Chinese company ends in November. We are seriously considering terminating the deal because it's trending towards the case where we can either have China, or Non-China markets. Not both.