Not sure if this is the same as the bloomberg link.
They Didit all for LOLZ ?
if i was a US shareholder i would be very pissed
At least they got the IPO money.
Chinese companies have been rushing to list in New York this year, trying to get in before the US government implements new auditing requirements that may cause Chinese companies to be delisted.
Minor issues ... not like everyone on the planet and the dog was not aware of how much data some of these companies have on their users.
https://std.stheadline.com/realtime/...93%9A%E5%BA%AB"Global Times" published a commentary article, stating that no giant Internet giant must be allowed to become a super database with more detailed personal information of Chinese people than the state, let alone give it the right to use those data at will.
https://www.bloomberg.com/opinion/ar...nd-of-amateursThe Chinese have a nickname for unsophisticated stock investors. They call them chives, a healthy crop that can flourish soon after planting, which keep coming up again and again — just like the chumps chasing meme stocks and blank-check companies for spectacular returns. The U.S. market seems to be the perfect place for Chinese companies to harvest chives.
Can someone spell it out for me? Why is China shooting itself in the foot? Seeking greater isolation from globalization? Thinking it somehow flexes its muscles in powerful way? Is it just no big deal because it's still running and all? (Everyone in China likely already has the app.) Western media just making a fuss over nothing... ?
At face value you'd think mega Chinese companies entering into global markets would be a brilliant part of the grand scheme of China's golden era, as the US shrivels with racism and poverty...