https://www.radiofreemobile.com/tencent-the-hammer/ To entertain as well as inform Fri, 18 Apr 2025 06:25:09 +0000 hourly 1 https://wordpress.org/?v=4.9.26 https://www.radiofreemobile.com/tencent-the-hammer/#comment-10014 Thu, 02 Sep 2021 04:44:51 +0000 http://www.radiofreemobile.com/?p=8532#comment-10014 Yes there is something in that. However, I think that the pandemic has shown where the CCP’s real priority lies. If Jack Ma had kept his mouth shut, I suspect that the IPO would have gone ahead none the less.

]]> https://www.radiofreemobile.com/tencent-the-hammer/#comment-10006 Tue, 31 Aug 2021 13:38:41 +0000 http://www.radiofreemobile.com/?p=8532#comment-10006 I expect the authorities in Beijing were very likely unsettled by Ant’s model of securitizing, packaging, and selling off personal loans to investors – a business model that recalled the mortgage securitization fuse that detonated the 2008 financial implosion in the West. China has to manage a gradual program of deleveraging, and not everything is about the CCP’s jealousy over power. Maybe somewhat less than is generally supposed, given that China does not pretend to be a democracy.

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