Lol those tea leaf texts in the jack ma video.
I don’t think so, this is the break up of Chinas big tech. Baidu is next.is alibaba going to become a holding company of sorts? I do wonder if they plan to hold a majority ownership of the 6 companies if they ever go for an IPO.
This is great news for China's social, technological, and economic future. The CPC cannot allow society and the economy to be subverted by chaelbol/zaibatsu-like titans. To maintain a dynamic and competitive marketplace, companies should be laser-focused on their core technical competencies. Otherwise they just become giant rent-seeking fiefdoms.So more like "standard oil" being split up in 43 entities than say an Google turning into alphabet like construction.
Ok, if they pass this it would be amazingView attachment 110072
So I guess if passed then Biden can in fact claim he built that wall?
Confucius say: if Uncle Sam stick big cannon in, crying no use, wait happy ending.