Mega-Cap China Tech Bears Brunt of Deepening Foreigner Exodus October 20, 2023 at 7:16 AM GMT+8
- US, EU funds sell net $1.6 billion of China shares this month

Foreign money managers are bailing on some of the biggest names in China’s technology sector as a global exodus from the nation’s equities deepens.

US and European fund managers have sold a net $1.6 billion of Chinese shares so far this month, following $3.5 billion of outflows in September, data from EPFR Global and Morgan Stanley show. Tech names are being hit hardest, with companies including Tencent Holdings Ltd., Alibaba Group Holding Ltd. and JD.com Inc. seeing the most selling, strategists from the New York-based bank led by Gilbert Wong and Laura Wang wrote in a Thursday report.
- Tencent, Alibaba among names sold most, Morgan Stanley says

Morgan Stanley Warns Against Buying the Dip in Chinese Stocks By Bloomberg News
October 20, 2023 at 1:36 PM GMT+8
- Foreign funds withdrawal from shares at ‘unprecedented’ stage
- Redemptions could pick up towards year-end amid higher rates

Morgan Stanley is advising investors against buying the dip in Chinese stocks, warning that foreign funds may keep selling unless there is further policy easing and sentiment is likely to remain fragile.

Foreign investors’ outflow from the so-called A-share market has entered “an unprecedented stage,” Morgan Stanley strategists including Laura Wang wrote in a note, stating that the cumulative outflow of $22.1 billion from Aug. 7 to Oct. 19 is the largest in Stock Connect’s history. The Stock Connect refers to trading links between China and Hong Kong.

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No Money to Pay Salaries! China’s Local Government Is $14 Trillion in Debt, Borrowing From Temples

https://youtu.be/elEJYV1i_9g?si=Illm16TKVVe0i7LM

From developers, local governments, banking systems, homebuyers are messy.

qqq may need to study his own mother language for the rest of his life to post CCP official message here.

That i.diot does not read and understand CCP official message, only hope to echo from imagination. Lol.

No Money to Pay Salaries! China’s Local Government Is $14 Trillion in Debt, Borrowing From Temples

https://youtu.be/elEJYV1i_9g?si=Illm16TKVVe0i7LM

From developers, local governments, banking systems, homebuyers are messy.

A Staggering $65 Trillion:China’s Banking System May Be Mired in the Largest Asset Bubble in History

https://youtu.be/UUh61Gl2EkE?si=TIsiCKHt47Fvxhl6

From real estate crisis till financial system crisis.

China’s banks may be loaded with hidden bad loans

KUALA LUMPUR (Oct 20): Hidden bad debts are worrying for Chinese banks, as the sector’s finance is already in a mess, according to The Economist.

In a report last Sunday, the magazine said local governments are struggling to repay lenders at least 65 trillion yuan (RM42.8 trillion) in off-balance-sheet debts.

It said many of the country’s big property developers have already defaulted on offshore bonds and owe trillions of yuan-worth of unbuilt homes to local residents.

The Economist said China’s largest wealth-management firms have started to default on payments owed to investors.

It said problems with loans to the smallest firms began with Covid-19.

It said as China shut down, the central bank put a moratorium on the repayment of loans for small- and micro-enterprises until June 2020 in order to halt a wave of defaults.

The magazine said after less than three months, officials estimated that 700 billion yuan in payments had been deferred.

The moratorium has been extended several times since then, with officials citing the continued impact of Covid.

No estimate for the total amount of unpaid loans exists and banks will not be required to disclose them publicly until next year, said the magazine.

In order to stimulate the economy, the central government has leant on banks to extend loans to the smallest firms, and to do so at the lowest possible interest rates.
Although such policies have been attempted for years, banks have been resistant, preferring to lend to the large, often state-owned companies with which they have relationships already.

This time the policy has worked, however, it said.

The Economist said a crackdown on the banking industry, culminating in the arrest of the president of one of China’s largest commercial banks last year, has made bosses more willing to follow official edicts.

As a result, at the beginning of the year, about 28% of all loans in China had been given to small- and micro-enterprises, up from 24% at the end of 2019.

Many of these loans represent simply the renewal of older, unpaid debts.

It is well known that small firms struggled during the pandemic, said the magazine.

The Economist said another result has been what some view as a catastrophic mispricing of assets.

It said small firms are usually judged to pose the greatest risks, but loans to small- and micro-enterprises have nevertheless been provided at rock-bottom interest rates.

It said banks have offered them at an average of 4% annual interest, down from 6% or so in 2019.

To make matters worse, a recent surge in long-term deposits, which are remunerated at higher rates, means banks’ margins have been squeezed even tighter, it said.

Don't want to hear different voice just read CCP website. i.diot.

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Country Garden: Struggling With 700.000 Homebuyers Waiting for Unfinished Properties

https://youtu.be/M2HckahnUcc?si=ssHz-lMdlK7iFTPY

Seems like muslim countries don't have so many unfinished properties. Worse than 3rd world countries.

Evergrande has more than $305 billion in liabilities, making it the most indebted company in the world. CCP has millions of unfinished units.

changes not seen for hundreds of years - the most indebted company in the world in human history

changes not seen for hundreds of years - the most unfinished units in human history

150 countries so what ? any country want ghost city or unfinished buildings without proper drainage system and retention pond. Lol.

Country Garden bondholders seek talks after missed payment -sources

HONG KONG (Reuters) - Country Garden's bondholders are seeking urgent talks with the company and its advisers after the troubled property developer missed a $15 million coupon repayment, putting it at risk of default, according to three sources with direct knowledge of the matter.

Confirmed payment defaults.

Country Garden: Struggling With 700.000 Homebuyers Waiting for Unfinished Properties

https://youtu.be/M2HckahnUcc?si=ssHz-lMdlK7iFTPY

Seems like muslim countries don't have so many unfinished properties. Worse than 3rd world countries.

Palestinian officials blamed an Israeli air strike for the huge blast and fireball which engulfed the Al-Ahli al-Arabi hospital, and said it killed as many as 500 people.

Israel said the blast was caused by a failed rocket launch by the Palestinian Islamic Jihad militant group, which denied blame.

Speaking alongside Israeli Prime Minister Benjamin Netanyahu, Biden said: "I was deeply saddened and outraged by the explosion of the hospital in Gaza yesterday, and based on what I've seen, it appears as though it was done by the other team, not you."

"But there's a lot of people out there not sure, so we’ve got a lot, we’ve got to overcome a lot of things," Biden added.

HONG KONG: The grace period for Country Garden Holding's $15 million coupon payment has expired, fuelling expectations that China's biggest private property developer had defaulted on its offshore debt.

One bondholder of the tranche, who declined to be identified discussing confidential information, said he had not received payment on the coupon as the grace period ended.

Country Garden did not immediately respond to a request for comment.

A missed payment on a September 2025 bond without a deal with creditors would mean that Country Garden has joined scores of other Chinese developers who have defaulted, deepening the crisis roiling the property sector, which makes up about a quarter of the world's second largest economy.

HONG KONG: The grace period for Country Garden Holding's $15 million coupon payment has expired, fuelling expectations that China's biggest private property developer had defaulted on its offshore debt.

One bondholder of the tranche, who declined to be identified discussing confidential information, said he had not received payment on the coupon as the grace period ended.

Country Garden did not immediately respond to a request for comment.

A missed payment on a September 2025 bond without a deal with creditors would mean that Country Garden has joined scores of other Chinese developers who have defaulted, deepening the crisis roiling the property sector, which makes up about a quarter of the world's second largest economy.

Almost 100% of the developers, contractors, suppliers are going bankrucy, the bad debts have affected the banking system. How much money need to print to fill up the black hole ? Money not dropping from the sky. What, where, when to pay back is a question.

Massive Bank Withdrawal Wave Sweeps China; Exposing China's Shocking Psychiatric Abuse-Beyond Belief

https://youtu.be/WMuauaRuGlc?si=rIv2SH5ui08FEW78

Both evil countries keep on printing money until become toilet paper. Evil killer Putin just like a tikus wanted by most of the countries.

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RUSSIAN Ruble Collapse Causes Panic as President Putin Introduces New Foreign Currency Controls

https://youtu.be/eXrRo02dn40?si=hhlkgvgzmHWuNWNh

How long could evil killer Putin last for the war ?

Both Ruble and RMB are depreciated like toilet paper.

CCP is printing money to fill up the black hole and very bad outflow of foreign funds. It already depreciated from 6.3 to 7.3+. more to come.

China's Lies Exposed! Boycott Japanese Goods Yet Fish in Japan’s Waters

https://youtu.be/tBWXdQA8foQ?si=8q0jYzxxoZlm--03

No worry, CCP loves Japanese seafood.

CCP Premier Li Qiang's daughter, Li Xiaotu graduated in Australia major in Architectural who married Hardie Christopher Forbes (a Scottish). Li Xiaotu is the god daugther of Xi. Li Qiang's son in Law own an architectural firm in Shanghai and got many contracts from government projects through the connection from his father in Law. All CCP top guns linked to Western this is called "changes not seen for hundreds years". Li Qiang may consider migrate to UK after his resignation as Premier.

Li Qiang Wife Wei Huantu own a super villa at 浙江杭州市西湖区紫荆花路399号紫荆雅苑26幢102室 market value RMB 15 millions.

Chinese national security scandal: Xi Jinping's guest falls from grace

https://youtu.be/veArvOvH3Cw?si=O3nCgbwkQdEPVE18

Extreme poverty in China: Girl Scavenges for Food, Boy Sells Bottles, Elderly Drink Dirty Water

https://youtu.be/hSP-RYsRB90?si=_lXR2r1ao1p-FQhC

Normal citizens suffered from the extreme poverty, CCP enjoy US dollar and live in democratic and freedom western countries.

RUSSIAN Ruble Collapse Causes Panic as President Putin Introduces New Foreign Currency Controls

https://youtu.be/eXrRo02dn40?si=hhlkgvgzmHWuNWNh

How long could evil killer Putin last for the war ?

After Prime Minister Li Qiang and Evergrande chairman incidents, what will happen in Zhongnanhai?
https://youtu.be/b2YN0Z8BrLI?si=rXcnOVO3I7-XH9DU

Premier Li is the next, CCP infighting through a very cruel way.

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Xin Jiping Targets Jack Ma’s Alibaba

Silly Xi was a purely communist who different from Deng/Jiang/Hu very anti smart business men. Silly Xi killed the country economy and brought the country to wrong direction.

Silly evil Xi followed the foot step of Mao killing the rich and keeping all people poor for his own political agenda, it was the principle of communism. Communism is the rubbish from westerns. Communism promoting infighting that's why so many ministers gone missing recently.

Silly evil Xi practising cultural revolution way to rule the country. What a pity.

If a democratic country elected the wrong leader through election, new leader could be replaced in a peaceful and order way. In power carzy and dictatorship country would be disaster.

Xi Jinping and the battle against the coup and assassination attempt

https://youtu.be/1Y0CEW5_3u0?si=VY7wGEzL0y24ZnqA

In democratic country changing country's leader by voting, those power crazy dictators could only be replaced by force if he refuse to step down. rotating country's through democratic way still the best.

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Xi Jinping Targets Jack Ma’s Alibaba

Silly Xi was a purely communist who different from Deng/Jiang/Hu very anti smart business men. Silly Xi killed the country economy and brought the country to wrong direction.

Silly evil Xi followed the foot step of Mao killing the rich and keeping all people poor for his own political agenda, it was the principle of communism. Communism is the rubbish from westerns. Communism promoting infighting that's why so many ministers gone missing recently.

There's hope that China might finally allow Ant Financial’s IPO in 2022. While there hasn't been any official confirmation, the country has taken a more reconciliatory tone amid its slowing economy and rapidly rising COVID-19 cases.

Will China allow Ant Financial IPO in 2022?
Chinese state media has said that the country intends to do an about-turn on its tech crackdown. It also intends to support the overseas listing of Chinese firms, which is in stark contrast to what the country did in 2021. China forced ride-hailing company DiDi to delist from the U.S. within months of its listing.

Will Ant Financial IPO in the U.S.?
Even if Ant Financial comes up with the IPO, it might opt for a dual Hong Kong and Shanghai listing as was originally planned. China’s tech crackdown, which reached its epitome with DiDi delisting, has left a permanent scar on investors’ minds. It might not be easy for Chinese companies to access the U.S. IPO market in the foreseeable future.

Silly Xi jeolous his own smart bunsiness men got nothing to do with westerns.

However, China killed the IPO at the last moment. Apart from regulatory concerns, Jack Ma’s outbursts against the country’s regulators didn't help. Ma wasn’t seen in public for months before reappearing in an online video in early 2021.

Ant Financial IPO rumors cropped up in 2021.
In February 2021, there were reports that Ant Financial reached a deal with the Chinese central bank and would soon IPO. As part of the deal, the company agreed to transform itself into a financial holding company that would be overseen by the central bank. However, China had different plans. The country went ahead with the tech crackdown, which killed any glimmer of hope for an Ant Financial IPO.

In February 2022, China asked banks to review their exposure to Ant Financial. It was yet another sign that the country’s tech crackdown is far from over.

Ant Financial’s valuations have tumbled.
China’s crackdown has also taken a toll on Ant Financial’s valuations. If the IPO went ahead as planned, Ant Financial would have commanded a valuation higher than JPMorgan Chase, which is the largest U.S. bank. The most recent private market valuation for Ant Financial was $150 billion in a 2018 funding round.

Warburg Pincus valued the company at $220 billion at the end of 2020, which was below the almost $320 billion that it was seeking in the IPO. BlackRock also lowered the company’s valuation to $174 billion. Fidelity had an even bleaker forecast and cut Ant Financial’s valuations to $78 billion.

Bloomberg Intelligence estimated that under the base case, Ant Financial’s valuation would fall to $29 billion. The firm’s bull case valuation of $115 billion was also about a third of the IPO valuation.

Xi Jinping Killed the Ant Financial IPO — Will China Approve It in 2022?
China has said that it will support the overseas listing of Chinese companies. Will China allow Ant Financial’s IPO in 2022? Here's what investors can expect.

In 2020, Chinese regulators stalled Ant Financial’s IPO, apparently at the behest of the country’s all-powerful President Xi Jinping. What followed was a terrible tech crackdown, which took a toll on Chinese stocks — domestically and globally listed.

Now, the country’s state media has taken a more reconciliatory note and has said that China will end the tech crackdown and also support the overseas listing of Chinese companies. Will China allow Ant Financial’s IPO in 2022?

What happened to Ant Financial’s IPO?
Ant Financial’s IPO was originally planned for November 2020. It was expected to be the biggest IPO in history and the company intended to raise over $35 billion. The IPO received bids over $3 trillion, which was a reflection of its popularity.

In 2014, Alibaba raised $25 billion in a New York IPO, and four of the six major investment banks in the IPO were Wall Street financial giants: Morgan Stanley, JPMorgan Chase, and Deutsche Bank, in addition to Credit Suisse and Deutsche Bank in Europe. Morgan Stanley, JPMorgan Chase, Goldman Sachs and Citigroup. According to Alibaba’s 2014 IPO filing, Alibaba’s six lead underwriters, as well as institutions that subscribed for Ali shares through the underwriters, could have earned an additional $9.2 billion from the Ali IPO that day.

A planned IPO for Ant Group was called off in 2019. Documentation from the IPO prospectus disclosed that Ant issued approximately 1.839 billion Class C shares to 45 foreign investors in June 2018. The foreign investors holding Class C shares include Singapore’s GIC and Temasek Holdings, Malaysia’s Khazanah Nasional, and the world’s most prominent sovereign wealth funds such as the Canada Pension Plan, the Board of Trustees of the University of California, as well as pension and education investment funds; they also a large number of leading U.S. investment banks and their executives.

Foreign capital, including U.S. financial giants, provided approximately $14 billion in funding for Ant’s Class C financing.

On January 12 of this year, RWR Consulting released a report revealing that the Chinese Communist Party is developing a military cloud computing system by combining companies such as Alibaba and Tencent with equipment suppliers and Chinese companies that develop high-tech weapons. Alibaba, Tencent and Baidu are among the largest cloud service providers in China.

From December 2020 to this January, the US government was embroiled in a debate over whether to expand the blacklist of “Chinese Communist military enterprises.”

Despite allegations that Alibaba, Tencent and Baidu, three Chinese technology giants, were working with the Chinese Communist Party’s military and intelligence services, the U.S. Treasury Department strongly opposed adding them to the blacklist, fearing that sanctions would lead to a massive sell-off and other serious economic consequences. Alibaba and Tencent have a combined market capitalization of $1.3 trillion, and almost every major U.S. investment fund has a stake in them. UBS estimates that slightly more than one-third of Alibaba is owned by U.S. investors, while 12 percent of Tencent is owned by U.S. investors.

On January 14, the U.S. Department of Defense officially announced the latest expansion of its “military-related blacklist.” The list does not include Alibaba, Tencent and Baidu. Wall Street

In China’s unique political environment, no company or individual has any real room for security or growth, even one as large as Alibaba Group and as rich as Jack Ma.

Over the past few decades, international capital has tasted the sweetness of making a lot of money from Chinese companies, but it has also gradually tied its fate more and more tightly to the Chinese Communist Party. As Jack Ma walks on the knife edge of China’s red politics, other companies, investors, and governments need to consider their future actions in China carefully as the political storms approach.

Silly Xi killing its own big technology companies was committed suicide got nothing to do with westerns.

Alibaba, big data, and authoritarian security
Like the Big Tech companies in America, Alibaba is in essence a data-collection company. Its purpose is not to sell goods, but to obtain all the data of retail and manufacturing; to do logistics is not to deliver packages, but to combine these data together. Clearly, Jack Ma believes in the idea that data, not oil, will be the world’s key resource.

For the Chinese Communist Party, big data is also its most valued resource, as it helps it with its goal of absolute control. For a private enterprise to manage this data is unacceptable, unless that enterprise is under the full control of the CCP.

On March 15, just after the Chinese government’s Two Sessions, Xi Jinping immediately convened a meeting of the Finance and Economics Committee, where he stressed the need to “strengthen the construction of a data property rights system and ensure responsibility of online platform enterprises for data security.” Additionally, Xi said that the Party must “enhance the authority of supervision,” and that “all financial activity should be included in financial supervision.”

A regulatory storm is coming to China’s online platforms. For private Internet business owners, not only is it likely that data will be required to be fully handed over to the Party. Ownership of online businesses is also likely to change hands.

At a Foreign Ministry press conference on March 16, a reporter with Bloomberg asked whether the Chinese government has asked Alibaba to sell its media assets, including the South China Morning Post in Hong Kong. The Chinese Foreign Ministry spokesman, Zhao Lijian, said he “didn’t know” the situation, but didn’t deny it outright. His words can be read as a subtle confirmation. In February, Tencent Vice President Zhang Feng was detained by Chinese officials. There is speculation that Tencent could be the next target of Chinese financial supervision, becoming the second Alibaba.

If the Chinese Communist Party goes after big tech companies like Alibaba and Tencent, what will the consequences be for Wall Street?

Threatening the CCP’s monopoly on public opinion
In China, most professionals in the media industry are almost directly or indirectly related to Alibaba. Beyond this publicly available information, it is difficult to count the number of film and television, media, advertising and public relations companies that Alibaba actually owns, has a stake in and participates in. It has become a super media conglomerate, rivaling even the state media controlled by the Chinese Communist Party.

One example of Alibaba’s media influence is said to have shocked Xi Jinping. Last April, when then-Alibaba executive Jiang Fan cheated on his wife, Jiang’s wife posted a warning to him on Weibo. The incident was covered by several mainland media outlets and quickly became a hot topic on the Internet. But within a few minutes, all media reports and Weibo messages were deleted.

Alibaba owns about 30 percent of Weibo, making it the social media company’s second largest shareholder. Who in China is qualified to do this kind of massive online deletion on Weibo? Normally, such an order would only be given by the Chinese Cyberspace Administration, yet in this case, Weibo did it on its own, without state intervention. Clearly, Alibab was pulling the strings. Xi Jinping could hardly have expected that a private company would be able to gain so much power under China’s authoritarian regime.

On March 18 2021, 11 Chinese companies, including Tencent, Alibaba, and Zigzag, were interviewed by the State Internet Information Office. The Cyberspace Administration has asked these companies to cooperate with it and do a better job of monitoring online information. Previously, Clubhouse, a U.S. voice chat social networking software, and Signal, an encrypted messaging application, were banned by the Chinese Communist Party. Big tech products from the West, like Google, Facebook, and Twitter, have long been restricted from the mainland Chinese market.

Media and public opinion has always been one of the CCP’s main tools for maintaining its power. For Jack Ma to wield so much influence over the media makes Beijing uncomfortable. Even though Alibaba would be unlikely to launch a coup or take similarly drastic action on its own, it could still pose a threat to Xi Jinping if Jack Ma were to cooperate with Xi’s rivals in the Chinese regime.

In a March 11 article, the Wall Street Journal quoted officials familiar with the concerns of the Party leaders. The sources said that Beijing was open to working with Alibaba to reserve the current plans for breaking the company up. The condition for this would be that Alibaba draws a clear line between itself and Jack Ma, and follows the Party’s instructions more closely. According to the officials, the CCP would prefer to leave Alibaba intact, because it is a tech giant that is popular with both Chinese households and global investors.

The Financial Times cited data from flight-tracking firm Radarbox showing that Jack Ma is still free to travel around the country and can continue to use his Gulfstream jet, which confirms that Jack Ma is not completely out of the game. The fact is that the Jiang family is not the only one who helped Ma make his fortune, but other powerful families as well. Xi Jinping will need to tread carefully in handling Alibaba. But this does not mean that the future of Alibaba Group is optimistic.

Alibaba’s media operation is a powerful force in its own right. The sum of its listed media holdings total $8 billion. For example, Alibaba holds nearly 30 percent of Weibo; it has acquired 100 percent of Hong Kong’s English-language outlet, the South China Morning Post; and has bought 20 percent of the China operations of international PR giant WPP Group. WPP Group is the world’s largest advertising and communications group, which includes public relations advertising giants Burson-Marsteller, Ogilvy & Mather, and a host of other companies. Burson-Marsteller is very powerful in brand PR and media PR. Ogilvy & Mather is a world-renowned advertising company and one of the top 500 brands in the world.

In 2014 and 2015, Alibaba took a stake in China’s leading social media; music and video platforms; and film and TV industry drama heads. In 2014 and 2015, it acquired a 60 percent stake in a TV and film company, Culture China, and changed its name to Ali Pictures.

In 2016, Jack Ma’s Ant Financial invested 20 million yuan in Caixin, one of China’s most influential financial media outlets. Prior to that, Alibaba already held 37 percent of Caixin’s shares and controlled to some extent another influential financial media in China, “First Financial.” Also in 2016, Alibaba further increased its stake in Sina Weibo, and established a new media company with Xinhua, the Communist Party’s media outlet.

Such a deep partnership between Alibaba Group and the CCP media effectively gives Alibaba a relationship with more than a dozen influential official media outlets under the Xinhua umbrella.

In 2017, Alibaba entered the international public relations field. It bought a 20 percent stake in the China business of WPP Group, the international PR giant.

In 2018, Ali invested in the “Chinese Culture Group”. The media giant also has a number of well-known media companies under its umbrella.

In 2019, Alibaba took a stake in the video platform BiliBili, becoming its fourth-largest shareholder. In 2020, after acquiring Focus Media, Alibaba also took a stake in Hunan TV’s Mango Super Media.

Last October, at the second Bund Financial Summit in Shanghai, Chinese Vice President Wang Qishan warned of various risks in the Chinese financial system. These included “the crooked path of speculation and gambling, the circuitous side path of financial bubbles,” and “the pernicious path of Ponzi schemes.” “We must insist on preventing and resolving financial risks, and financial security always comes first.“ But later, Jack Ma said at the summit that China does not have “financial systemic risk, there is basically no systemic financial risk in China. On November 3, days after the Bund Financial Summit, it was announced that Alibaba’s IPO had been halted. The fact that Jack Ma dared to refute Xi Jinping’s right-hand man in such a high-profile manner shows that Jack Ma has powerful backers. But who are they?

Since its creation, the CCP has been plagued by factional struggles that spill over into all levels of China’s politics and economy. For Xi Jinping, his greatest enemy is former Party leader Jiang Zemin. Though Hu Jintao was the nominal leader of China from 2002 to 2012, Jiang and his faction held real power during those ten years. Jack Ma’s career started in the Jiang era. Both Alibaba’s shareholding and Ant Financial’s shareholding are intricately tied to the Jiang faction, particularly Jiang Zemin’s close ally, Zeng Qinghong. As a result, Ma’s background is heavily tainted by that of the Jiang faction, Xi Jinping’s chief rival in the Communist Party.

In 2014, Jiang Zemin’s grandson, Alvin Jiang, helped Ma buy back his stake in Alibaba from Yahoo. Alvin Jiang also invested in Ant Financial through Boyu Capital. This suggests a link between Jack Ma and the Jiang faction.

Xi Jinping has recently tightened his control over Hong Kong and the financial system, moves aimed at reducing the influence of the Jiang faction. In late February, it was reported that Boyu Capital, which is run by Alvin Jiang, had left Hong Kong for Singapore.

Xi Jinping came to power in 2012. During his first five years in office, he has purged hundreds of high-ranking officials. A review of the backgrounds of these fallen officials shows that the vast majority rose through the ranks during the Jiang Zemin era. Since the start of Xi Jinping’s second term in office in 2017, there has been a steady stream of criticism of Xi, both inside and outside China. Especially in the last two years, there have even been calls from within the Party for Xi to step down. Almost all of these voices, which spread quickly via the media, are linked to Jiang Zemin’s faction, which remains powerful even after the purges. When Jack Ma challenged Xi publicly at the Shanghai Financial Summit, was he speaking on behalf of the Jiang faction?

Xi Jinping Targets Jack Ma’s Alibaba

China’s leading tech company in the crossfire between rival Communist Party factions
In many ways, Alibaba Group is the face of China’s tech industry, penetrating every aspect of Chinese life with its products, from Taobao to Alipay. Alibaba and Tencent, another Chinese Big Tech company, have a combined market capitalization of $1.3 trillion, and almost every major US investment fund has a stake in the company. UBS estimates that slightly more than a third of Alibaba’s shares are held by US investors. But now the tech giant and its founder, Jack Ma, are facing growing trouble in China.

On March 16, Alibaba’s UC browser was taken down from the Android store. The website shows “service adjustment, temporarily not available for download”. The day before, on the annual March 15 evening broadcast by the Chinese state media, UC Browser was criticized for allowing fake medical advertisements. The criticism was aired on a program for raising awareness about consumer rights.

This rationale leaves something to be desired. For example, Baidu, the Chinese version of Google, is filled with far more fake drug ads. This unusual move is likely the result of the Android store cooperating with the Chinese Communist Party’s efforts to dismember Alibaba.

On March 15, the Wall Street Journal broke the news that the media business affiliated with Alibaba was to be split up. Because Beijing is increasingly concerned about Alibaba’s influence in public opinion, it has pressed for the company to reduce its presence in the media industry.

In 2014, Alibaba went public in New York and raised $25 billion, setting a record for the world’s largest IPO (initial public offering) at the time. But on Nov. 3 last year, Alibaba’s Ant Group, which was expected to set another record for the world’s largest IPO, was called off by Beijing in an emergency. The day before this event, China’s four major regulators, namely Beijing’s central bank, the CBRC, the SFC and the State Administration of Foreign Exchange, summoned Jack Ma for an urgent interview.

In The Way of Attack and Defense, a 2017 martial arts film that Jack Ma invested and starred in, he seemed to be predicting his own fate. He beats the world’s top masters, but when he’s in the presence of the Chinese police, he begs his opponent to let him go.

Apple Inc Market capitalization 2.796T USD

Huawei could not even see his shadow. Lol.

-China Market Capitalization accounted for 11,141.396 USD bn in Aug 2023, compared with a percentage of 11,909.060 USD bn in the previous month.
-China Market Capitalization is updated monthly, available from Jul 1995 to Aug 2023
-The data reached an all-time high of 14,375.423 USD bn in Dec 2021

Very pity CCP stock market still keep on dropping not even 50% of Apple market capital.

Look at the figures then someone like qqq has no knowledge or common sense at all.

Chinese Smartphone Brands Face Regulatory Issues Amid India-China Tensions
By Anubhav -Oct 12, 2023

While Chinese smartphone brands like Vivo have made inroads in India’s booming mobile market, the companies are facing a rocky terrain due to heightened geopolitical tensions between the two nations.

Last December, Indian customs officials detained almost $15 million worth of Vivo’s smartphones
Vivo recently voiced its commitment to support four of its executives who were arrested in India. This comes on the heels of a series of actions taken by Indian authorities against Chinese tech firms, including Vivo, Xiaomi, and Huawei, mostly on charges of financial irregularities such as money laundering. Vivo was already in hot water last December when Indian customs officials detained nearly $15 million worth of its smartphones at a New Delhi airport, affecting its export plans.

Notably, Vivo is a significant player in India, holding a 17% market share, which puts it right behind Samsung and ahead of Xiaomi, according to Counterpoint Research. However, their operations are taking a hit due to India’s tightened regulatory environment, shaped in part by ongoing political frictions. After the fatal Himalayan border clashes between India and China in June 2020, India has amped up scrutiny of Chinese tech companies and even banned several apps citing national security concerns.

The Indian government isn’t just stopping at arrests and bans. Earlier this year, they proposed new regulations requiring smartphone makers to allow users to uninstall pre-installed apps and mandating governmental screening for major operating system updates. These developments add another layer of complexity for companies like Vivo operating in India.

Xiaomi is also grappling with its legal issues; the firm is fighting to regain access to $676 million seized last April over allegations of foreign exchange violations.

While Vivo pledges to “exercise all available legal options,” the company and its Chinese peers are undeniably in a challenging situation. They must navigate not just the local market dynamics but also a regulatory minefield that shows no sign of easing up. And as these tensions persist, the stakes are high not just for the companies but also for the Indian consumers who have increasingly relied on Chinese smartphones.

For now, these tech giants have to find a way to operate under the lens of stricter regulatory scrutiny while also maintaining their hard-won market positions in India.

Not only Huawei even VIVO and Xiaomi facing geopolitical tensions. What to do silly evil Xi pushing many countries to form strong and soild alliance against evil alliance.

Posted by foongsh > 1 hour ago | Report Abuse

Tesla TSLA confirmed the 4680 battery cell production milestone. The automaker built its 20 millionth cell at Gigafactory Texas. In June, the EV pioneer announced the production of 10 millionth 4680 battery cells at Giga Texas. In just 16 weeks, the automaker doubled its cumulative battery cell total, bringing its average production to 625,000 cells per week.

Tesla produced its own battery in Texas no more using CCP battery.

Tesla has strong supply chain in Mexico and America don't need CCP anymore to get America subsidy USD 7,500 per EV.

Posted by foongsh > 1 hour ago | Report Abuse

Yes, Huawei Chicken AI. Lol

The biggest Apple manufacturing plant in India now.

Foxconn Production Lines Exit China, Global Supply Chain Shift Results in Mass Factory Closures

https://youtu.be/V6vA7BJjCaU?si=VTO0x2cVRLXfbSfg

zheng zhou is dead city now.

China’s Biggest Life Insurer Boss Imprisoned In Xi’s Corruption Crackdown

https://youtu.be/4WsCkrpMbsQ?si=L_Yz5o2cTl4lK5ty

China’s Real Estate Doomed: Price Collapse, or Financial Crisis

https://youtu.be/fnT4zeGxrms?si=o4rVj5oAcnecqIhn

CCP low priority in real estate crisis ? Real estate sectors and construction sectors contributed 25-30% CCP GDP. Silly Xi did not know how to handle and just leave it. From Real estate sectors, construction sectors, property agents, logistic, construction materials (rebar & cement), insurance, banking, local governments etc. were affected. There is no sign of bottom. Those who could pick up the information could find the best trading stocks in Bursa. People like qqq will lose his pant if he really trade the stocks as what he said. Lol.

Posted by foongsh > 4 hours ago | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

China’s Defence Minister Li Shangfu Missing: Another Minister Goes Missing From Xi’s Cabinet

https://youtu.be/50VpKX42Oag?si=Dljkly1rjFxfaEVX

War ? where is CCP Defense Minister ? Kena ISA worse than 3rd world country ? Lol.

Was the missing of Minister of Defense responsible of China's nuclear submarines ? If he is still missing means the submarine is still sinking, both are sinking. Very pity.

CCP military always full of corruption, any replacement would be the same. It is systematically corruption just like evil Russia. Could not fight.

Posted by foongsh > 5 hours ago | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

China: Muslims Repressed, Monitored, Forced into Camps

https://youtu.be/Qp1IeNC5Vb4?si=e6f0urG-BxEn1fx-

CCP anti human rights anti muslim.

Did muslim attack CCP. No, Why did CCP camp millions of muslim in Xin Jiang ?

Evergrande Debt Crisis From Dream Homes to Nightmares: Tofu Dregs and Unfinished Projects in China

https://youtu.be/mIVPOuWgegQ?si=mWo6Hc9Ifyd4MAXV

Posted by foongsh > 1 hour ago | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

China’s Defence Minister Li Shangfu Missing: Another Minister Goes Missing From Xi’s Cabinet

https://youtu.be/50VpKX42Oag?si=Dljkly1rjFxfaEVX

War ? where is CCP Defense Minister ? Kena ISA worse than 3rd world country ? Lol.

Was the missing of Minister of Defense responsible of China's nuclear submarines ? If he is still missing means the submarine is still sinking, both are sinking. Very pity.

CCP not only full of corruption in real estate sector but also in military, weapon copycat could not fight.

Posted by foongsh > 3 minutes ago | Report Abuse

55 people lost lives including backbones of China's nuclear submarines! The sinking process revealed

https://youtu.be/zPoGX95WTi0?si=vr4ho3WXsxBiDaNW

CCP copycat Russia weapons all are rubbished could not fight.

Posted by foongsh > 14 hours ago | Report Abuse

Posted by IDQWE001 > 7 hours ago | Report Abuse

China's Property Collapse: The Evergrande Disaster Unveiled

https://youtu.be/O419f8Wkjk8?si=BZhLQcxjJziMnM4x

CCP is very cruel intentional to make their citizens bacame negative assets and bad debts by selling very expensive and not affordable unfinished untis to their local citizens.

Silly Xi make U turn open up all restrictions but too bad nobody want to buy. GLC selling assets now make the property market even worse.

Posted by foongsh > 3 minutes ago | Report Abuse

55 people lost lives including backbones of China's nuclear submarines! The sinking process revealed

https://youtu.be/zPoGX95WTi0?si=vr4ho3WXsxBiDaNW

CCP copycat Russia weapons all are rubbished could not fight.

Addicted to ‘Anti-Foreign’: China's Tourism Eats Bitter Fruit

https://youtu.be/XY032zYZu-g?si=joBS6bmi8HdpjZRE

China’s Defence Minister Li Shangfu Missing: Another Minister Goes Missing From Xi’s Cabinet

https://youtu.be/50VpKX42Oag?si=Dljkly1rjFxfaEVX

War ? where is CCP Defense Minister ? Kena ISA worse than 3rd world country ? Lol.

First Foreign Minister, now Chinese Defence Minister goes missing | WION
https://youtu.be/3sz0R9Qer2A?si=Xgob7VBeYBXT85yX

China: Muslims Repressed, Monitored, Forced into Camps

https://youtu.be/Qp1IeNC5Vb4?si=e6f0urG-BxEn1fx-

Hack reveals evidence of Chinese treatment of Uyghur Muslims

https://youtu.be/odpAZjAE0VU?si=ZFHmKrOgFgQFUGXi