If Zuckerberg, or Musk (X), or Reddit, or Snap, or HN, or any Western platform would want to operate in China, they'd have to hand over control to a Chinese company. Instead, they simply don't operate there.
> "The free market is great, but only if we hold all the cards".
It's been blatantly obvious since the beginning of time that the free market isn't a thing.
Foreign ownership of massive media platforms has been awful. The other way around as well. Would be fantastic if the EU banned Meta, for one. Instead they're suddenly scared of continuing to fine them for their continuous illegal data harvesting and gatekeeping to cozy up to Trump.
Just consider Rupert Murdoch. Every country he's been active in would have been better off if he'd been straight up banned from owning local media companies.