Comment by samrus
17 hours ago
If the chinese government feels its critical to china's success then it will be backed like alibaba and wechat and others were
17 hours ago
If the chinese government feels its critical to china's success then it will be backed like alibaba and wechat and others were
Jackie Ma of Alibaba was basically exiled for some time because he got cocky (and too powerful/rich?).
While hyping upcoming products from his conglomerate, he talked shit about the government (regulatory authority, more specifically), and he got hit.
Which is an objectively a good thing.
the company, sure. The stock or people who own in, less clear.