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Agreed. This is a restructure so that CCP can show they have caused changes and for Alibaba to appear to acquiesce to instructions. Corporate “window dressing”
by zoom6628 4y ago
Agreed. This is a restructure so that CCP can show they have caused changes and for Alibaba to appear to acquiesce to instructions. Corporate “window dressing” basically.
If the units all get too independent, based on my view at ground level in China, is that they will all get more powerful in their respective markets. Nobody was happy with the value erasure.
- dirtyid 4y ago>Nobody was happy with the value erasure. On the other hand a fuckton of value has been irrevocably erased - entire ed tech sector isn't coming back to pre crackdown levels. If anything CCP hasn shown little regard for crippling soft tech since it will redirect talent towards strategic hard tech where job and wages have been booming. Baba getting proper rectification if it incentivizes future talent to reorient towards SMIC seems to be part of the plan.
- bigcat12345678 4y agoThe ed tech industry is a CCP charged indoctrination dystopian touche rig It's demise is a self reflection on the beyond limit of control that has to be relieved for the long term stability The ed tech industry's value is about meaningful as the scam industry