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Presumably because Alibaba - the challenger that started this crackdown - is now slain. On a political level, there are only so many Chinese companies with eno
by lanternfish 4y ago
Presumably because Alibaba - the challenger that started this crackdown - is now slain.
On a political level, there are only so many Chinese companies with enough power to actually threaten the CCP, and Alibaba is probably enough of an example to keep them in line - further crackdowns are probably unnecessary.
- re-thc 4y agoThere's been lots of "crackdowns" before Alibaba. Maybe "slain" as well but no not the only victim.
- voisin 4y agoMust be nice for international companies to know that Chinese companies will always be restrained from becoming too large. It’s like they have to fight with one arm tied behind their back - get too big and your own government will cut you up.
- kkarakk 4y agoxi jinping has been criticised for this but he's in his "my legacy lives on forever" phase of life. another decade and he's done - just consolidating power for his family at this point.