Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub...
by jpmoral on Friday November 13, 2020 @03:50PM
(#25087306)
What people are criticising is the manner of rule-enforcement. The IPO got to a late stage of the process before being personally halted by Xi. Rules being unevenly applied and being dependent on the whims of the powerful is what is harmful.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub...
by justicezyx on Friday November 13, 2020 @04:07PM
(#25087515)
The ipo did not went normal process, and was done in less than 30 days...
The truth is more like ant knows the clampdown is coming and is rushing to dodge... [1]
[1] https://www.reuters.com/article/uk-ant-group-ipo-banks-insig...
But when China does 1 and addresses 2 with antitrust rules, then we criticise the authoritarian state that stunts economic growth and private entrepreneurship...