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A comment on Xi Jinping personally halted Ant's IPO after Jack Ma snubbed government leaders. Parent comment

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by lawnchair_larry on Saturday November 14, 2020 @01:39AM (#25090688)
> there are plenty of examples where big businesses get "nationalized" or where the founders are forced to sell to a "friendly party official" who then proceeds to run it into the ground. Russia notoriously is very good at this, leading even innovative companies to sabotage their own growth as to not become an "acquisition target" of the ruling elite.

Equinor (Statoil) and Gazprom seem to have produced results that can only be described as precisely the opposite of being run into the ground.

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