Alibaba stock suffers record fall after antitrust probe in China

[Bilal.]

we are a joke man

There is a reason that China is peaceful despite being a direct competitor of USA while we are even struggling to handle even those libtards of Aurat march and LUMSU

Hopefully soon we will learn and absolutely bulldoze them... no more bullshit.

 

[Areesh]

Hopefully soon we will learn and absolutely bulldoze them... no more bullshit.

Not going to happen

Two days ago Iman Mazari was invited to President House for atending an event on "women empowerment"

same Iman mazari that supports, PTM, Aurat March, BLA and says "napak fauj murdabad"

As i said. we are a joke

https://twitter.com/x/status/1341751954310107138

 

[letsrock]

The real issue now is that i am afraid Ant Financial will not be as valuable as it would have been prior to its first IPO. Even if they were to list in future (if they even do anymore), they will be valued far less than what they should have been prior to the CCP pulling off the rug on them. It seems to me that Xi Jinping is hell bent on cutting down these big private tech companies to size and bring down their influence/scale. Since Xi Jinping has openly said his policy is to strengthen the state and by default state owned companies, something private tech companies like Alibaba, Ant financial and the likes threaten the power and reach of state owned corporations. In fact if not for the CCP closing up and forbidden any private sector involvement in other core sectors like Telecom, finance, oil and gas, tobacco, electricity etc then private companies will be very active in these sectors and they would have been a few large private companies that emerged in these sectors as well.

So this new laws and actions the party has taken should be taken very seriously, since this shows a change of policy and how things are going to be done from now on moving forward. It seems the party will be having more say and control over private companies like they already do with SOE.. this would include giving a company’s internal Party group control over the human resources decisions of the enterprise and allowing it to carry out company audits, including monitoring internal behaviour. So the party will be having more say and control/oversight over private companies(Especially the large influential ones). We will need to wait and see how these will affect the operations of these companies abroad,

I think China should just break down these big companies into small ones or they can just nationalize them and have the state take control over these companies and the decision making in this companies. Easy solution. That way there will never be a case of a big private company that grows to a certain size. Another solution will be to simply extend the state monopoly over these sectors and ban private participation/involvement in these sectors like in other sectors where the state has monopoly already.

Nationalization of ali baba will be pretty much end of chinese corproate success. CHinese companies raise billion from US markets - only a month back, Li auto, Xpeng, Nio raised billions from NASDAQ. No one will trust china with a penny if it tries to show "who is the boss" like this. China cant have it both ways - internalization of yuan, foreign wealth and sametime lack of rules based governance.
As long as regulation is implemented fairly it is fine.

 

[Bilal.]

Not going to happen

Two days ago Iman Mazari was invited to President House for atending an event on "women empowerment"

same Iman mazari that supports, PTM, Aurat March, BLA and says "napak fauj murdabad"

As i said. we are a joke

https://twitter.com/x/status/1341751954310107138

Should throw shereen mazari out too...

 

[Areesh]

Should throw shereen mazari out too...

Yeah but we are ruled by jokers and cowards who lack balls

 

[Bilal.]

Yeah but we are ruled by jokers and cowards who lack balls

Not cowards. Uncles, aunties, mommies and daddies of these cunts... so the state is a joke and family and friends are above the country.

 

[mike2000 is back]

Nationalization of ali baba will be pretty much end of chinese corproate success. CHinese companies raise billion from US markets - only a month back, Li auto, Xpeng, Nio raised billions from NASDAQ. No one will trust china with a penny if it tries to show "who is the boss" like this. China cant have it both ways - internalization of yuan, foreign wealth and sametime lack of rules based governance.
As long as regulation is implemented fairly it is fine.

Well, i dont think the CCP cares more about so called ''corporate success '' than their authority/power. You should understand that the party views its authority and power ABOVE ANYTHING ELSE, EVEN THE COUNTRY. This is official party policy. So to think that the party will put ''Chinese corporate success '' above their rule/authority and power is wrong. The fact that they halted Ants financial IPO(which will have been the largest IPO in history and a crowning achievement showing China's successful technological companies globally) at the last minute was to show you that the party cares less about corporate success and more about their rule/power/authority FIRST AND FOREMOST. In fact, i think from now on, private Chinese tech companies will be on the back foot and defensive, as the party has started focusing on cutting them to size and limiting their growth/expansion. It seems big private Chinese internet tech companies wont be having things easier from here on. If i was an investor i will be pulling my money out of this companies and limiting my investment in them going forward.

 

[letsrock]

Well, i dont think the CCP cares more about so called ''corporate success '' than their authority/power. You should understand that the party views its authority and power ABOVE ANYTHING ELSE, EVEN THE COUNTRY. This is official party policy. So to think that the party will put ''Chinese corporate success '' above their rule/authority and power is wrong. The fact that they halted Ants financial IPO(which will have been the largest IPO in history and a crowning achievement showing China's successful technological companies globally) at the last minute was to show you that the party cares less about corporate success and more about their rule/power/authority FIRST AND FOREMOST. In fact, i think from now on, private Chinese tech companies will be on the back foot and defensive, as the party has started focusing on cutting them to size and limiting their growth/expansion. It seems big private Chinese internet tech companies wont be having things easier from here on. If i was an investor i will be pulling my money out of this companies and limiting my investment in them going forward.

Lets see. The market still sees china as reliable. Infact when i was looking at some foreign market ETF i was shocked at exposure to china. Most of the top companies where these ETF invest is in chinese companies. Billions of USD of world wealth is in their stock. If china doesnt respect world wealth it cannot expect the same from the world.

 

[KurtisBrian]

No one will trust china with a penny if it tries to show "who is the boss" like this.

perhaps that is the idea.

 

[mike2000 is back]

CHinese companies raise billion from US markets - only a month back, Li auto, Xpeng, Nio raised billions from NASDAQ.

Then again ask yourself why these Chinese tech companies often go to the US (and a lesser extent Hong Kong) most of the times to list and raise capital. Can't they do it on the mainland? This again shows that their capital market is still lagging behind and needs urgent reforms, which again leads us to the question of them opening up of their capital/financial markets. However this also means the party might lose some control over this sector, something the party is not fond of doing. So it's a difficult decision to make for them as well. This will require bold reforms which might take time and need to be handled carefully. Unfortunately POLITICS IS NEVER TOO FAR AWAY FROM ECONOMICS.

 

[CAPRICORN-88]

Wonderful thing about the stockmarkets is a stock maybe up one day, down another and up they spiral again in another.

 

[Cookie Monster]

Jack Ma’s blunt words appear to have cost him $35 billion

Did his opinion of Chinese banking rub Beijing the wrong way?

www.livemint.com

That's good news...I want AliBaba and AliBaba owned AliExpress to go bankrupt. I absolutely hate them.

 

[letsrock]

That's good news...I want AliBaba and AliBaba owned AliExpress to go bankrupt. I absolutely hate them.

why is that? genuinely curious - is it that you cant stand jack ma or you know the company genuinely is horrible

 

[leviathan]

That's good news...I want AliBaba and AliBaba owned AliExpress to go bankrupt. I absolutely hate them.

Nope they will not bankrupt

 

[kankan326]

I agree. Jack Ma is too outspoken. He talks a lot and criticizes government policies and state owned firms a lot. In short he always speaks his mind. The problem is that he forgets that China's political system is different from that of the West, so making such comments will obviously have repercussions for his company. I think the party is trying to bring him down a peg and show him(and other private entrepreneurs/tech companies) who is the real boss and that the party can intervene anytime to cut them off as they see fit. So he should remain silent, bow his head down and make money like the others like Pony Ma. Silence is Golden. lol

Wrong. Chinese government did this not because Jack Ma said something. It was based on what Jack Ma does. Chinese government doesn't care criticisms on economic issues. Matter of fact, the CCP welcomes suggestions. That's part of reasons why China always has foreseen plans for future development strategies.

What Jack Ma said means, Alibaba wants to become a financial company, instead of an innovation and high tech company. The problem is. Chinese government doesn't want to repeat Wall Street story in China. China doesn't need a financial company to exploit Chinese poeple with zero contribution to China's progress.