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> No jobs are or will be lost, and very little utility is lost, except being able to sign up for 1-2 weeks. Contrast that with the quote from the article: "Sh
by aerosmile 5y ago
> No jobs are or will be lost, and very little utility is lost, except being able to sign up for 1-2 weeks.
Contrast that with the quote from the article:
"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%."
The stock price may not correlate with short-term budgets, but it absolutely has an impact on long-term budgets. So what the investors will be asking themselves now is: "Is this disruption just a short blip on the radar, or did we just witness a long-term change of the Big Tech landscape in China?" Getting on the shit list of the Chinese government sounds like a long-term problem to me.
- sudosysgen 5y agoTencent is not a cash starved company, and these stocks will recover at least mostly if not fully.
- deleted 5y ago[deleted]
- thaumasiotes 5y ago> Contrast that with the quote from the article: Shortly after the quote you pulled: >> Beijing-based tech consultant Zhou Zhanggui said investors were over-reacting Zhou Zhanggui is right. Suspension of account creation has basically no impact unless it fails to come back in August as advertised.