Some of the biggest tech stocks in China, including Tencent, Alibaba, Baidu, and Meituan have suffered a huge decline in stock prices amid the Chinese government's regulatory crackdowns. In this post, I talk about what's a Variable Interest Entity (VIE) and whether investors should be concerned.
1. All Platforms Must Open Up! The Ministry of Industry and Information Technology (MIIT) announced that in the next 6 months, they were looking to rectify the following problems in the market (in Chinese): Disturbing market order: malicious blocking of weblinks and interference with the operation of other enterprises' products or services, including restricting normal access to other web links without justifiable reasons, implementing discriminatory ...
© 2021 Steady Compounding - By Thomas Chua
© 2021 Steady Compounding - By Thomas Chua