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And if anyone was remotely believing that Chinese Party has nothing to do with their companies, this just hit the last nail on that belief. I'm looking at you H
by unnouinceput 6y ago
And if anyone was remotely believing that Chinese Party has nothing to do with their companies, this just hit the last nail on that belief. I'm looking at you Huwaei and your "we do not spy for Chinese Govt." statement from last year.
As a member of an EU country, that went full Huwaei in past years regarding 5G, I'm sad that we just gave to Chinese full control over us, technologically speaking.
- hungryhobo 6y agoHow does this prove CCP has anything to do with ant? If that were the case wouldn't they want ant to ipo and reap in the capital?
- TaylorAlexander 6y agoProbably, but they can let it IPO in a few months, after making some adjustments to the structure. They are in no rush.
- hungryhobo 6y agoBut the change they are proposing significantly devalues the company
- JumpCrisscross 6y ago> How does this prove CCP has anything to do with ant? The Ant IPO has been hotly anticipated. This delay will cost many millions. The regulatory changes, billions. That these were acceptable costs to reining in Ma over nothing more than public criticism speaks miles to the party’s cost-benefit mindset. For tangible gains it implies few hurdles to extreme consequences for noncompliance.
- mytailorisrich 6y agoGovernments wield huge power over private companies if or when they decide to take action. That's obviously very true in China, but that's also true in the West. Just look at what happened to Huawei and Tiktok in the US/West, look at how Facebook is careful in order to prevent action against them, etc. That's especially true in industries that are seen as strategic (telecommunications, energy, finance, etc). Companies know that and spend a lot of efforts on building and maintaining contacts within governments.