Re:Why is China smashing its tech industry?
by sudosysgen on Monday August 02, 2021 @05:42PM
(#28043072)
The Chinese central government was always really ambivalent about foreign IPOs. DiDi has too much control over domestic markets for the Chinese to be comfortable with foreign influence. I don't think it has anything to do with the anniversary.
Actually, the CCP never formally accepted the foreign stock ownership structure, for example. It was always a grey area.
Actually, the CCP never formally accepted the foreign stock ownership structure, for example. It was always a grey area.