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No, I mean being outcompete by other businesses, in China and locally.
by ggg9990 9y ago
No, I mean being outcompete by other businesses, in China and locally.
- lawnchair_larry 9y agoI think you have it backwards. CEOs can cook the books far easier if they are not a public company. Meanwhile, in China: https://www.reuters.com/article/us-china-anbang-regulation/china-seizes-control-of-anbang-insurance-as-chairman-prosecuted-idUSKCN1G7076 https://www.reuters.com/article/us-china-anbang-regulation/c... The reason that companies are not going public as quickly is because they aren’t making money, not because they are making too much money.