Let’s talk about this in reverse?
$BABA-SW(09988.HK$
How does bringing down BABA benefits China?
Grooming a company like this is not easy. Finances alone is not sufficient to move mountain.
Look at how much taxes Baba has contributed. Will any government be dumb enough to kill the Golden Goose?
How does bringing down BABA benefits China?
Grooming a company like this is not easy. Finances alone is not sufficient to move mountain.
Look at how much taxes Baba has contributed. Will any government be dumb enough to kill the Golden Goose?
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103094266 : CCP will not kill it, but make it weaker. So near term Baba share price will very unstable. Look like go down below 100 is just a matter of time.
Diamond Gloves OP 103094266 : It will make sense if there are 50 out of 100 top companies are from China. Weakening or even removing Baba is totally possible
丁蟹NA : not killing it, just preventing it owning the entire industry. not gonna lie it is monopoly. owning almost every single starups.
Mightyhuat : It’s all in the name of common prosperity.