04-21-2021, 05:42 PM
(04-21-2021, 03:51 PM)fenders53 Wrote:(04-21-2021, 03:20 PM)Otter Wrote:I think it was closer to $3B or a quarter's profits. Not a token SEC investigation hand slap fine. Enough to get their attention. I don't know what a typical Chinese fine is but that has to be a statement.(04-21-2021, 02:26 PM)vbin Wrote: Baba have a huge over hang due to friction between xi and it's founder. But I believe long term it will work out.
Agreed. I think the recent $1Bn+ fine from the Chinese antitrust regulator was the signal from the Chinese Government that they have no intention of destroying the golden goose. Jack Ma may still be in for some personal unpleasantness, but BABA should be ok.
The fact that a political entity that calls itself communist even has antitrust enforcement is pretty ironic.