what do guys think about Chinese crackdown of the companies?
Jul 23, 2021
54 Comments
Hello Folks,
Just want to hear the thoughts of others on what they think about Chinese crackdown of the tech companies.
I invested in TAL, BABA, Iqiyi, Didi IPO.
TAL is ~80% down.
TC 170K
#investments
comments
Why is China saying no to profit in education sector?
China is working on affordable housing solution for it's people now.
Did you notice many big companies are removing the extra weekend day?
China has now built itself successfully enough, so now it's giving more priority to it's people's wellbeing.
Without a good economy, even with good intentions you can't do much for your people. This is a brutal truth.
See the stats on how China removed it's people from poverty and compare it with other developing countries.
These companies have a huge valuation, I am hoping they lobby right people and find the right solutions.