Ant, Alibaba Show How China Reins in Big Tech Faster Than Other Countries | WSJ
Vložit
- čas přidán 11. 09. 2024
- In less than six months, Chinese entrepreneur Jack Ma’s Ant IPO, which could have been the world’s largest, was scuttled and his companies brought in line by regulators. The U.S. is also taking aim at big tech, but here’s how China moves faster. Photo illustration: Sharon Shi
More from the Wall Street Journal:
Visit WSJ.com: www.wsj.com
Visit the WSJ Video Center: wsj.com/video
On Facebook: / videos
On Twitter: / wsj
On Snapchat: on.wsj.com/2ra...
#WSJ #Ant #Alibaba
In USA, Big techs rein on government and congress.
Big oil, defense and pharma do the same, unfortunately
manufacturing people have the right to defend their own right under law,government is not doing production
Ccp has little productivity but controls everything is right?
@@alexzen751 they are the most productive government, as a matter of fact.
China: govt cracks down on big corporations
US: Big corporations cracks down on govt
Yeah I mean see... It started as facebook but now it's "WhatsApp from Facebook" "Instagram from Facebook"
Don't you hate it when one company controls all your platforms
As long as I can get good service I don't care.
@@TheRishijoesanu without competition, the service won't be good.
@@xavia8128 i mean i think whatsapp is good enough as it is now
@@xavia8128 If they don't serve you well, their competition are going to do it better.
@@vendch.9960 I hate WhatsApp on PC, I have to keep my phone on with the screen showing the app or it's going to work. Telegram is much much better.
Working at a big tech company I can tell you first hand the anti-competitive practices used by the big 4 in US is real. Consumers lose.
Makes sense. If you're the number one in something, ull hv to fight clean and dirty to stay there.
I've talked to people who worked at the big four tech companies and they all said the same thing name a better product then theirs
@@Wongseifu548 it's like chicken and egg, which one happened first... without anti-monopoly balance of course there is no way to name a product even able to compete, they are all got bought off before you heard any of them...
@Black White yes and companies like huawei, baidu and nio did not get any help from the chinese government please. In china if the government does not havr your back or worse is againist you its like your as good as done. In that system the government chooses winners and losers. Lets not pretend that system is better
@Harry T really considering all the anti competitive practices done in china....
Something is right but conclusion is wrong.
Chinese government and Alibaba are not enemy for each other.
Regularing market is government's duty.
Alibaba proper development is good for goverment.
Well said, such borned antagonistic mind of west media can never reach the point of China society.
Regulating market is government responsibility. In America it produced NAFTA, screwing Mexico and South America, ultimately leading to outsourcing service-sector jobs to India and the Philippines, manufacturing jobs to China, Vietnam, South Korea and elsewhere (people willing and eager to work for 5-10% of what white Americans would work for), and a white racist American president screaming how those countries were screwing America and "the American people." America created its own problem, then wants to go to war to solve it. Will CCP do the same? Think about it!
Why does a business have to be good for the government?
Jack Ma made the mistake of thinking he was a western Capitalist, with no restrictions to his power. He learned the hard way.
Thank God I bought more Alibaba stock.
@Xtrawuzzi You’re the brainwashed one, Xinnie the Pooh is the greatest danger to world currently. If you want to live in a modern 1984, be my guest.
@@micah4305 Xi is the only successful leader to tackle the virus so far
@@ianivanpavel859 Efficiency isn’t always morality.
@@micah4305 Lol speak for capitalists they won't pay you a penny.
You can be critical on China human rights but when comes to enforcing and regulate mega corporation China is doing great...USA don't have capacity to regulate big tech which operates under their own rules..
The US is a capitalist country = capital is supreme. China is not a capitalist country. The government controls the market
@@ouchh35 In America, the market controls the government. Believe it or not, the average Chinese citizen doesn't need to take a drug screen to work, pass a background check or achieve a certain score on a credit report. Fact is, even a hard line government is better than a kleptocracy bought by lobbyists.
it does not take only 6 month to investigate and regulate Alibaba. Alibaba and Ant has been criticized by the banking sector and other e-commerce like Pingduoduo and JD for years. The government tried to work with Jack Ma for a framework, but he took on the public forum as a desperate last resort to force government's hand. He vastly overestimated his influence.
They didn’t take any action for poor business practices but for a speech though. 🤷♂️
@@NityaStriker It's the IPO event that pushes the Chinese government to take action Not the speech. Sure the speech is right on time just before all the action. What really interesting is that all the western media spin this as the willingness of Xi to penalize Ma's speech.
Ay man we all know its the speech
@@NityaStriker man , there are two approaches . One if you want to know Truth and one if you want to be brainwashed or want to see what your mind wants to see . Two approaches have two answer .
As an investor if you are , you need to separate facts from propaganda.
@@shreyanshyadav3285 Think harder.Why did Jack Ma risk so much to give that speech?Because his company was already under investigation back then,his IPO,his chance to get much more rich in trouble.Otherwise,he won't take such a risky action.
China actually did a very great job in keeping those companies in line. It is what they needed.
Apart from the antitrust problems (they are very real), those tech companies in China are exhausting their employees, forcing them working overtime everyday, and/or forced working on weekends. They call it the 996 (9AM-9PM 6Days a week) system. If you quit, there’ll be other people to fill in, if you report the company the company will find you out and make sure you are never employed again in the same city or industry. So it’s not just upsetting the government and the consumers, it’s taking a huge toll on the employees as well. I would say the fine wasn’t big enough considering how much money they are making in China. Consider this a warning shot for those companies.
It's also creating better opportunities for those employees. People work at such companies in the hope of becoming richer than they'd otherwise be.
Sounds like that needs to happen to Amazon
The problem is China only acted after Jack Ma insulted the CCP governance, antitrust actions have always occurred since before, the problem is Jack Ma spoke out of turn and Beijing didn't like it.
While I agree with you, the thing that makes me mad is how this started. It's basically the Chinese government holding a grudge and punishing Ma for speaking the truth. They should have launched an investigation a long time ago, not now
wumao.. hehehh
The fundamental difference is in China, the government is in control of the corporations, while in the US, the corporations are in control of the government.
The similarity is both are fascist, using big government to protect big business. When big business and big government differ, both countries agree that big government still wins.
@@homewall744 Naaa, those that are too big too fail always win in the US.
From speaking to farmers who sell their stuff via these platforms in the villages, the anti competitive practices were real.
recent news came out, more companies are caught doing monopolistic practices - Meituan as an example, had similar terms as Ant, where the smaller businesses are forced into exclusive contract with them and not allowed to use other platforms.
these terms are commonly known as "pick 1 of 2". which ultimately force the businesses to be exclusive on Meituan's platform.
Bullshti, how about the state owned commerical banks and the big three cruel oil companies ? That's what so called anti competitive practices !
@@chuckpioneer1783 I never said they were perfect.
The Chinese have a saying ... when you take a sip of water, remember its source ... . He was riding life a little high .. thinking he is some sage who has ascended to the heavens and now has much to teach the country. I suppose the country's leaders disagreed with his assessment and decided on lessons of their own (for Mr Ma and many others).
Yeah right, freedom of speech isn’t a thing in China.
@@AkshaySheth568 sign of too much watching anti China news, nevermind, you are free to have any opinion.
@@user-hv4ky5kt2x Go out in Tiananmen Square and shout "Xi Xinping is a bad leader"
You're free to do so.
Lol, well said
@@Chironex_Fleckeri But Xi is a not bad leader, lol
Chinese government are doing a the right thing to crack down on monopoly, not like US government who support monopoly.
US supports monopoly? US has a history of being anti-monopoly with the strictest anti-trust laws. Of course, it takes quite a while before we can bring forth anti-trudt cases but that's the trade off for democracy. Democracy takes a while. I would rather live in a world where I can vote for a leader I feel like is suited than have a dictator ruling with fear but getting jobs done quickly.
@@kawaiidoggo If US is serious about crack down monopoly, they should have changed law 20 years ago to adopt to the new technology era. I care about voting but I care about fair election not money election. US election is dominated by money and those idiots are easily to be manipuated. By the way, US president is the most un-fair elction in the world. One vote in California < 1/3 vote in North Dakoda etc. Fake democractic system.
What the Chinese government is doing is not about the interest of the party, it is about the country.
In America, lawmakers are in the pockets of big tech, that's why it is so hard to rein them in. In China it is hard for regulators and officials to be bought because there's no place to hide ill-gotten gains.
Government should control big tech companies and not the other way around !
Like 1984? There is difference between ‘control’ and ‘oversee.’ No one should be controlled by any one.
@@jp828 yes but without control only companies rule the world and normal people unable to get basic facilities if companies are not regulated.
Yes. I want my government to control every aspect of life. China is such a dream...
@@Chironex_Fleckeri on the other hand you have the corporations who control every aspect of your life taking even your last dollars which is their only goal !
@@giannisvellichor5632 nice response
The western companies has grown so big that the Govt has to dance to their tune. This should not allowed to take place in China. The interest and welfare of the masses rang supreme and there is no two ways about it. You can see that Jack was way over the top with his sense of greatness and superiority. It is a good thing that he has been reined in.
@@notm.m5960 whether it is cco or winniepooh-the populace is look after.
@@notm.m5960 - it doesnt mattar whether is is CCP or WinniePooh, the populace hierarchy of needs are met, it is a good system. this is more important.
Well yeah, that’s what happens when you have an authoritarian government: at the cost of the freedom of your citizens, you get to complete tasks extremely quickly.
When the government come in to break the monopoly, keep some balance and keep things fair to the users not just couple billionaires. Seriously, no need to feel bad for us... We asked for this to happen...
Roh Moo-hyun and moon Jae-in also tried to limit the oligarch, but they failed. You can't wait until the companys take control of your government.
Its not "party control" or "government control", it is "common sense" regulations!
Interesting what a snowball effect Jack Ma's speech made and will still make in the future. In general big tech that became an equivalent of utility services need more regulations to decrease monopoly power and money squeeze to provide equal affordable access for users. In a not so distant future we will look at all of this as at good thing. All depends on a regulation to come and whether it will be good.
he will still make lots of money while giving possibility for other smaller startups grow. the best possible result for the country.
Same thing with construction. It took forevers fixing the road in SF while only few days in China.
太搞笑了，停止蚂蚁IPO是因为他们想搞次贷危机的玩法，而不是因为马云发表了什么评论，监管机构又不是傻子。
外媒能分析道这个程度已经不容易了
这篇文章总体虽然有倾向性但已经可以了，没有说一边倒，你看看台湾绿媒报道，那叫离谱
马云不发表评论，蚂蚁就顺利上市了，而且也没有把他当银行来监管，准备金比例啥的都很低。
金融方面确实应该谨慎，分险太大，小老百姓承受不起，小心驶得万年船
It's very clear to the Chinese, but the West on the whole tends to take a simple view of China because in their minds China is still kind of simple. "Someone said the wrong thing, offended the authorities, and was brought down" - this is still the kind of level they see China at.
Align with the party's interests? I think she should have said ALIGN WITH THE NATION's INTERESTS.
These big tech companies only care about profits and $$$.
the Chinese government takes full responsibility of the decisions they make and the consequences, while in the US the administration only be held responsible to 4 years. No to mention the political theatric show that the law makers want to put on to gain personally.
China is no better. The problem with 1 party is that if you stick to one way and all the way to the end until you make a huge mistake . You do not have chance to correct yourself.
@@mikelixx one party system has its own set of problems for sure. but what works better for a particular society in a particular historical period, need to seek and construct with an open mind.
I'm not surprised by seeing USA genius giving their expert opinions about Ant group and Chinese government.
Dear Ali Baba and Tencent togather manage about 30-35% transactions in Chinese economy and they're effectively knocking the legacy banks out of business but problem is that if these two companies collapse or something negative happens it will sink the whole Chinese economy down with it. So, there must be some kind of regulations to regulate these companies to minimize the risks. (remember 2008, when one insurance company collapse took whole US economy with it)
I will advise you to invest in Crypto now the market is very favourable with my help and earn good profits like I do
W/H/A/T/S/A/P/P
+/1/,(9),-/4/ 9/2 /9/8/1/ 5/7/4.
Authoritarian government tell you what you have to do but representative gouvernement can't do anything
It sounds amazing to live in a country ruled by an authoritarian regime when you don't, when you do which I did for 18 years it doesn't sound that fun anymore
when Alibaba got whacked with the largest fine ever..... their stock prices went up. because the market realize.... "oh... is that all? you can just pay a fine and walk? ur not gonna arrest me? seriously?"
In China the role of the government is to protect the national interest (the greater good), this is aligned with the fact that governments have political burden of maintaining social harmony, because if the citizens are angary, they'll blame the government not Jack Ma.
The Ant Group labels itself as a "Technology" Company, in reality it's a full on bank, lending out loans with a mere 2% cash reserve. The Central government has warned for about a year before the Jack Ma speech, that they will ask the so called "Technology" banks to raise their cash reserves to 20% thus decreasing the financial risk.
That's why Jack Ma made the speech, it was an REACTION, to the news that the central government is about to regulate his "Technology" company as a bank.
Hence his speech, So the idea that the Chinese government went for Jack Ma because of the speech is just not true. This narrative is being repeated to paint the Chinese government as this temperamental entity, all to fit the Western narrative about China.
you know nothing about china.. this ecinomic issue has nothing to do with Xi...its just about market regulation .why you always talk about politics when it comes to cn
WSJ 作为一个报道金融的媒体当然知道马云做的是什么，人家就是喜欢嘴嗨而已。换美国如果出个马云搞蚂蚁，我第一个支持。
When Jack Ma made that speech, the IPO is already jeopardized by Chinese new financial regulation on the size of ABS which is widely adopted by Ant Group. In other word, if the regulation is not overturned in days, there will be a disaster for its investor, likely to lose more than half of stock value. Jack Ma either made that speech hoping to overturn the regulation or make himself a scapegoat for the IPO's termination so that some investors in the IPO process can prevent a huge loss (they are likely to be Chinese social security fund and other state-own companies).
Also, I don't know why finance media in the U.S. never discuss the regulation which is trying to prevent another sub-prime loan crisis.
Exactly, Jack Ma cannot be this foolish to criticize the gov in light of the biggest IPO in history. Jack is very clever intentionally pulling this "manoeuvre".
How can the US call itself a democracy based on equal rights, when those with vast amounts of wealth have greater political power than those that do not?
That’s called visible Hand of market and invisible hand of good governance. Too big is also too risky for nation’s stability and long term growth.
"China is highly centralized one-party country"
Well, the US is also highly centralized two-party country, just one party more than China!!!
Alibaba's mobile payment system is not the issue here, it's the company's ambition tapping into China's financial system sounding the alarm. Making money out of everyday lending to Alibaba's customers through their mobile system regardless their credit histories while put all the risks and leverages on the China's banks. China will not allow re-emerge of 2008 Wall Street crisis which was the result of allowing some companies manipulating the country's financial system.
China and usa two extremely contrasting speed of dismantling big tech
I will advise you to invest in Crypto now the market is very favourable with my help and earn good profits like I do
W/H/A/T/S/A/P/P
+/1/,(9),-/4/ 9/2 /9/8/1/ 5/7/4,
@@alexandrebianchiyoutube1045 nice fake account tho. whill report you.
In China the companies is regulated by their government and in US the companies regulates the government. US mega companies is bigger and stronger than US government.
I see many people supporting what china is doing here, while I do agree that no corporation should be allowed to get too powerful replace all these entities by a single authoritarian regime is definitely NOT the solution, you're literally trading dozen of relatively big cats for a giant tiger and trust me, it's going to hurt when it bites. Most people commenting here are americans who don't even realize that the only fact that they can critize these companies and god forbid their government is because they live in a relatively free society, were you born in the country that you seem to admire so much ( China ) you wouldn't be running your mouth by fear of serious repercussions so think about it.
One question, Tiktok did nothing wrong but Ant is trying to overtake the center bank
Tik Tok is constantly tracking you and everything you do, more than any other app. I wouldn't say they do nothing wrong. I think it should still be banned for that reason unless they can be more transparent.
@@ryanmccaffery9027 it feels like the Facebook is doing the same thing and they can get away with it. Not very fair.
@@ryanmccaffery9027 nah. They don't send the data to china, I remember the data goes to Singapore
@@ryanmccaffery9027 Facebook is spying everyday
Ant is ponzi scheme with banks taking all the risk.
Similar interventions in US are seen all the time. But most of the time, it's pro Corporations against the interest of the american people interest, eg when Trump moved against green prjects and favored big oil projects in Murica, it was a swift and direct intervention in favor of big oil. In China, this kind of intervention was done in the interest of the chinese people and the corporations are reigned in justifiably so if the consequences could be another financial crisis down the line by a company that's not licensed to do lending online.
What happened to Jack Ma can happen to anyone in China. It's China..
It has already happened to hundreds of them, but no one was as famous as Jack ma
@@KashifKhan-iw2ns that's true.
So true
Poor billionaires... they might not even able to become trillionaire as soon as we wanted...
@@lrmark0 that crook pledge to give 99% of his net worth, what have you pledge other than spreading hate.
Alibaba is a magnificient company, but country risk is huge. Be careful!
您可以直接打中文
China is blessed to have Jack Ma & Alibaba. It has enabled the Chinese economy to make huge leaps forward in many, many ways.
It's ironic that the world's most powerful government seems to understand the problem of monopolies within capitalism better than ostensibly capitalist nations.
According to the classic theory. Socialism is originally the evolution of advanced capitalism, and has a good understanding of the greed and control of capitalists.
"WE DONT WANT ANYONE TO QUESTION THE POWER OF THE PARTY"
It has everything to do with government controlling everything and nothing to do with money.
As a Chinese, I would say, dictatorship is different from what it was in the 1930s or 1960s.
What you got to ask yourself is "did this move help the ordinary chinese people?"
Yes
Apart from privacy China has best government model for fast growth then any other nations 👍
The monopoly and unfair competition appears recently among those giants, so the government decided to restrict them and they did that soon!
Well the Chinese government did a lot to create an internal environment within which tech companies like Baba could grow to their present size. It isn't as if Baba's success was only due to Ma's personal brilliance and nothing else! Also if he starts to mess with the BANKING system of China, can you blame the leaders of the nation from cutting him down to size?
In socialist countries, the government regulates the market. In the US, the government deregulates the market then has to provide jobs when the market destroys the economy.
the story sells big if it's political. and the western audience love it soooooo much
I don't understand. Why does everybody keep saying that Jack Ma's speech was the reason behind the Chinese government's regulation of the Ant Group? Can it be because Big tech companies really need to be regulated, for their rapid growth and moves could cause potential risks for a country's economy?
Ant's loan business cooperates with state-controlled banks, yet the whole burden of getting paid is on the bank's end, because according to Ant's policy, it only provides the platform to the banks and those who want to take loans. Those people usually have very limited means to repay the debt, since most of them are students or low-income earners, on the other side, major profits go to Ant. I mean, Isn't it a huge risk for the stability of the country's economy?
Alibaba and his 40 theives
the gist of the video:
BABA is fxxked
Dont worry USA, Jack Ma are doing good. Mind your own business.
China: allow domestic tech giants to thrive
Also China: crush domestic tech giants for becoming giants
That's called socialism. The Chinese government made a line. Before that line, you are free to do anything. Across that line, cut off your hands.
@@yaoyuzhu2392 next is Meituan haha
@@yaoyuzhu2392 that's not socialism that's governing. The govt needs to put rules and enforce them. That is what a govt is for. I'm not saying China isn't a socialist nation but what you said is basic governing.
The Chinese government woke up when it realized that Ant was a defacto banking and credit company that would've have been outside of the watch of the regulators. And that is SUPER important because all you have to do is look at Lehman Brothers brokerage collapse that precipitated the 2008 financial crash. Being a brokerage, Lehman was NOT under banking regulations and was SUPPOSED to be under the regulation of the SEC but the SEC was "regulatory captured" long time ago so Lehman was choked with bad loans and assets and so when subprime snowball started all of Lehman's "house of cards" bad assets were fully exposed.
So basically democracy is slow and failure😂🤣
Instead of party control or CCP control, why say to the benefits of consumer rights? most of the arguments are pretty consumer centric and logical.
West: Boohoo, I'm unable to rein in big tech
China: Let me show you how
Ma is playing with the BANKING system. China can't let him go that much above himself.
Haha!!!😂😂😂
Imagine sending the U.S. big tech billionaires to a re-education camp.
Won't happen as they'd have funded enough chest thumping rights groups to defend them from such attacks.
they own the government, it'll never happen.
Didn't learn much from this video
Nothing very tech about the modern definition of a tech company. Mostly non-producers that have figured out ways of skimming money from consumers and media platform with efficient advertising. Nothing of benefit to society, tech used to mean something much different. Technology peaked in the late 1960s and has regressed since then.
Different Political systems make different results.
In China, the government (party)>capitalists>people.
In the USA or general West, capitalists>government (party)>people.
In some way, Chinese political system is more efficient and better for its people.
An an international customer, I would choose Amazon over aliexpress any day.
I will advise you to invest in Crypto now the market is very favourable with my help and earn good profits like I do
W/H/A/T/S/A/P/P
+/1/,(9),-/4/ 9/2 /9/8/1/ 5/7/4
good articulation, but stupid ending. Why everything is interpreted "for the interest of the Party"? It's the right thing to fully regulate these high tech platform companies, who earn so much money yet take so little responsibility for the good of society.
It's all about hierarchy of power within the country. Big companies have always ruled the people in the US over the actual government. In authoritarian governance of China, the Communist party always have the final say whether it's good or bad!
Ma is trying to run a company. The party is trying to run a country. Each must be given space to do their jobs. History will tell whether each job is badly or well done in the end.
maby because chest or box of wisdom and knowledge is in their custody...for Years
This program did not explain what Ant group was doing. If Ant is allowed listing and continue business as usual, there will be 2008 style financial crisis in China. Also, what Alibaba did with small vendors is anti-competitive practice in any law setting, not just in China.
Maybe Jack Ma thought his country would listen to his criticism and change🤷
He has been a critic for more than a decade, and this time he thought he was going to get what he wanted, but he was wrong
not convicing
In Chinese-style Capitalism or Socialism with Chinese Characteristics, the interests of private capital does not supersede the interest of the polity.
In Western Capitalism, the interest of private capital supersede the interest of the polity.
The Chinese government reins in Ant, Alibaba and Jack Ma. Western governments and administrations gets reined in by corporations.
the difference between billionaires must follow the rules and the rules was made by billionaires (through politicians owned by them).
Fact: Ant was trying to recreate system to sell CDO ( the main cause of 2008 financial crisis)
WSJ: Just don't know how to produce a new without badmouth on Chinese system
+.50c
@@Otter-Destruction fake news works indeed
@@Aaron-lk2oj it’s only fake news when it hurts your delicate sensibilities.
@@Otter-Destruction this world is much more complicated than good and bad right or wrong kid. Just go to a college or something before you flaming again with your narrow vision
@@Aaron-lk2oj Yeah and it seems to be too complicated for you since you simply wrote off WSJ's report as mere bias journalism. Did your native education system fail you that much that you couldn't form a proper response pass the grade school level?
This is what America will never understand about China. Most of the domestic policies were discussed, argued, and reasoned by the representatives elected by and of the relating fields. It never is “authoritarian government says this, therefore this”.
Alibaba has made millions of dollars from actually not sending items.
Purchase fee £3, item cost £100 = £103. Item not sent on time, refund of £100 ?????? £3 not recovered???
It's a Purchase fee skimming act, waiting for Alibaba manufacturers to send nothing, and lose £3.
Shame. Cause after this quote that will be shared worldwide. Alibaba can lose out on millions from their purchase fee scamming act. Which obviously has been working successfully for years.
The banks need to get involved to stop the purchase fee skimming act.
everyone (at the west) defending jack ma. while they don't know that jack ma is CPC (most people spell it CCP) member.
The next target is Tencent.
@@alexandrebianchiyoutube1045 scam 🙄
Tencent has a monopoly over most of the IT industry in China.
Chinese can not live without WeChat. But is not a good product for communication.
The more and more useless fuction are added.
You can use one Wechat and abandon other Apps easily.
Now Meituan and others if they are not fulfill the regulations
@@olakibasoka2906 why is not a good communication tool? Nobody says it’s not good in China.
@@johnsoncao3114 Because China has better communicate tool. The irony is that another better tool is ran by Tencent. But the more irony in that Tencent prefer WeChat.
To be fair that “investigation” was more of a damnation
Democrats drooling viewing this...One party state.....
The only thing indispensable in life is the air we need, water, and food. Everything else can be lived without. Didn't we live without them for many many years?
Again why i would never want to do business in china. Being under that governments thumb is just the worsed
Thanks for commenting, I will advise you to invest in Crypto now the market is very favourable with my help and earn good profits like I do
W/H/A/T/S/A/P/P
+/1/,(9),-/4/ 9/2 /9/8/1/ 5/7/4
Do you do business in the US? Writing fake business plans and bleed the investors dry is ethical?
@@raymondchow8722 In the united state you can effectively fight againist the BS of the government in China is literally we say what goes. That system does not work long term for any foreign company looking to invest long term. Activition, the NBA Nike have not seen the downside
@@Wongseifu548 Blinken claimed the democratic self correcting ability is a total myth. All I see right now is division within the country. Look at all the top business men such as Bezos, Musk, and Zuckerberg. They are so unethical and they make the Chinese business men look like saints. As for Nike, they need to stop making false claims about Xinjiang cotton. Xinjiang Muslims are being treated so much better than minorities in the US.
The only difference I see is that here in the states only the sleazy lawyers thrived in our system. Most politicians are lawyers too, 🙁🙁🙁🙁
how they can be fast with tour technology but you not fast with your technology?
When a company provides information-based products covering a large enough population, should its services be regarded as private or public?
PLEASE READ THIS.
I think the PRC might be gaining all the capabilities to invade Taiwan, not to necessarily invade Taiwan, but possibly to invade other island nations in its region. Taiwan might not be possible for them to successfully take by force, but other fat pickings might indeed be possible for them to take, in particular if those acts catch the United States off guard. If we have no stated, formal policy to deal with China's expansionist, imperialist aims in place - we might be quite unable to prevent their actions swiftly enough to foil them.
SPREAD THIS AROUND. IT'S TOTALLY WORTH CONSIDERATION BY PEOPLE IN OUR GOVERNMENT. I've never heard this possibility openly discussed. Are they even aware of the potential dangers along these lines??????
China does the right thing by preventing companies getting more powerful than the state, as is the case in the US.
Because if we have totalitarianism, we want it to be implemented really fast.
many Western people may not know about two things,
first, Xi is supported by the majority of Chinese proletariat, they need a communist lion to counter the capitalist wolves,
second, Jack Ma is not alone, him and Alibaba are supported by other anti-Xi cliques inside Communist party,
so this is not a between CCP and Alibaba, but a Battle between socialists and capitalists,
The God complex needs to be controlled.
suggestion to congress, act faster, protect the small business and promote competitiveness.
common..even a 80 yo on a random china street knows alibaba is a monopoly .... it should get break up years ago...
This move is not about monopoly breakup. This is for even bigger Chinese government’s own monopoly.
@@jp828 this really is a monopoly break up, everyone knows alibaba or tencent will and need to be broken up , the only question is when... but of course those who gets brainwashed always look for conspiracy
In July 2019 Facebook was fined a record-breaking $5 billion fine that the Federal Trade Commission for Privacy penalty. This youtube video post is irrelevant if Alibaba was only fined $2.8 Billion, with more cash on hand than FB at that exact time. BABA is a strong firm with a strong Balance Sheet, steady revenue and earnings growth, and positive cash flow. Isn't time we stop looking at the red lines (communism) and move on with how China has already adopted Capitalism (stock exchanges in China)?
Yeah....just let companies do whatever they want in America. Let's see how that will work out for America.
Wait.....it's already happening.
Because there is no property rights there.
Our Govt is BS, The Apps Store on IOS and Android should be controlled by 3rd party
Well, can any US bank criticizes FED ? Remember how Citi bank CEO is forced out ? Jack Ma made a misstep to think he is above regulators. I found the Chinese regulators are actually weaker comparing to western regulators to term of enforcing regulatory rules.
America loves big corporations.
They're too big to fail.
With Americans, one minute “ the free makes is more efficient and nimble” , the next minute “government moves faster and more efficiently” Which is it?
I will advise you to invest in Crypto now the market is very favourable with my help and earn good profits like I do
W/H/A/T/S/A/P/P
+/1/,(9),-/4/ 9/2 /9/8/1/ 5/7/4
I'm sorry but I can't find subtitles, are there any problems?
Kidding me ? Same anti competition laws are present in usa also...one company cannt control everything..
We don’t want our government to have too much influence over our tech companies, it will stifle innovation in the long run.
The government should be focused on protecting our personal data and making sure these companies reinvest their wealth back into our country not limiting innovation to maintain control.
And basically microsoft apple, etc..
In china at least from my understanding ppl trust their govt to protect them from big tech for the public good. In a one party system not the best, but the party cannot screw up without being unaccountable and losing the vote of confidence. He will surely be replaced or punished. Governance even laced with corruption is high standard and very efficient. US govt is corrupted and unaccountable. A country run by lawyers is a man-made disaster.
'help u god' in US helps the defender and hence such a long probe time... no god in china, no delay
I will advise you to invest in Crypto now the market is very favourable with my help and earn good profits like I do
W/H/A/T/S/A/P/P
+/1/,(9),-/4/ 9/2 /9/8/1/ 5/7/4
of course, you would not mention what is delivered good for the chinese citizens when all techs are in align with the regulations.