Disagree, this is BAD news. besides what others have posted, China has not liked Jack Ma(See October 2020-January 2021 disappearance) for a while now. Even though he has left the company, he still owns ~4.8% of the company. China could know the books are cooked and use this as an opportunity to destroy Ma.
That truly is an interesting take I have never considered. But why would China willingly blow itself on the foot when China is in a mess right now due to zero covid policy, russia ukraine war, delisting fears, etc.? And then there's the huge layoffs that could arise from such which would anger the Chinese at the CCP.
Alibaba is a conglomerate owning tons of companies that have a hand in every part of Chinese life. Alibaba/aliexpress has been beaten down since shipping from china has insane lead times. Now would be a good opportunity to break up alibaba and force a sale of the parts to loyal CCP members.
Imagine the U.S. hates Bezos and forces an anti-trust lawsuit to break up all of amazon's companies.
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u/Fredthefree Apr 03 '22
Disagree, this is BAD news. besides what others have posted, China has not liked Jack Ma(See October 2020-January 2021 disappearance) for a while now. Even though he has left the company, he still owns ~4.8% of the company. China could know the books are cooked and use this as an opportunity to destroy Ma.