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A comment on China plans to break up Ant's Alipay and force creation of separate loans app. Parent comment

Re:China plans to break up Ant's Alipay and force creation o... by dageshi on Monday September 13, 2021 @02:10PM (#28514727)
Probably because raising money would be harder, would investors or venture firms weigh projects in industries likely to be nationalised lower? Probably.

Any industry likely to be nationalised would have an overall depressive effect on the number of risks taken on new products and services in that industry.

[ Parent | on HN ]
Re:China plans to break up Ant's Alipay and force creation o... by endisneigh on Monday September 13, 2021 @02:23PM (#28514883)
Yes, which is why I mentioned in my original comment that only services that are a “drain on the economy” should be nationalized.
[ Parent | on HN ]