By Josh Horwitz
Quartz
Aug 24, 2017
[Samsung Vice Chairman] Jay Y. Lee is in a vulnerable position,” Cain says. “The cross-shareholding system is like a yarn ball, if someone finds just the right place to tug, they could pull out the right part and the whole thing could fall apart overnight.
See more at Quartz
See Also:
What to read next:
Geoffrey Cain on Investigative Journalism, Authoritarian Power, and The Perfect Police State | In a wide-ranging conversation with Jennifer Grossman, CEO of The Atlas Society, investigative journalist Geoffrey Cain reflects on years spent reporting inside some of the world’s most restrictive regimes — and on the research behind his book The Perfect Police State: An Undercover Odyssey into China’s Terrifying Surveillance Dystopia of the Future.
For years, Tim Cook insisted Apple could change China from the inside. Instead, China changed Apple.
The latest evidence? Apple spent billions developing cutting-edge electric vehicle battery technology with Chinese automaker BYD, only to watch its innovations become the cornerstone of BYD’s rise to global electric vehicle dominance. Apple walked away with nothing. China walked away with everything.
This isn’t just another story about corporate research and development gone wrong. It’s a cautionary tale about how even America’s most valuable company has become trapped in China’s web of technological control — and how that web is about to tighten even further.