In the latest instalment of the “Solving Sino” series, in which The Creative Accountant is getting to grips with the CCP and how things operate in China, he looks at how Big Tech firms in China are having to contribute towards the social priorities that have been identified by the government. “We cannot let an unbridgeable gulf appear between the …
View PostThis conversation, from Ernest Hemingway’s novel ‘The Sun Also Rises’, is the perfect analogy for how the pace of Chinese regulation has increased in the past year: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly.” At first, Ant Group’s halted IPO and restructuring raised eyebrows. Alibaba’s $2.8bn fine definitely had many sitting up in …
View PostIf the first rule of Fight Club is that you do not talk about Fight Club, the first rule of doing business in China is that you do not talk about China’s shortcomings, lest you risk poking the bear that is the Chinese Communist Party (‘CCP’). Jack Ma has spent the past 8 months learning this lesson, as Alibaba has …
View PostIf the first rule of Fight Club is that you do not talk about Fight Club, the first rule of doing business in China is that you do not talk about China’s shortcomings, lest you risk poking the bear that is the Chinese Communist Party (‘CCP’). Jack Ma has spent the past 8 months learning this lesson, as Alibaba has …
View PostIf the first rule of Fight Club is that you do not talk about Fight Club, the first rule of doing business in China is that you do not talk about China’s shortcomings, lest you risk poking the bear that is the Chinese Communist Party (‘CCP’). Jack Ma has spent the past 8 months learning this lesson, as Alibaba has …
View PostMohammed Nalla is one of the most highly respected macroeconomic market analysts to emerge from South Africa. He’s launched Moe-Knows, a macroeconomics knowledge platform. Now living in Canada, he layers a global perspective on top of his emerging markets expertise. Together, The Finance Ghost and Moe-Knows have multiple years of experience across practically every asset class. In Magic Markets, we unpack market …
View PostAlibaba founder Jack Ma has had an awful November. The listing of Ant Group, a payments company incubated within Alibaba, was pulled by Chinese regulators (read more here) in response to ongoing criticism by Ma of the state of regulation in China. In the fallout over the Ant Group listing, Alibaba itself took a knock to the share price as …
View PostPoor old Jack Ma. The Alibaba founder has been on top of the world, with Ant Group making headlines as the largest expected IPO of all time. An IPO is the process through which a company comes to market. The shares are listed on a public exchange which facilitates trade in them. As part of the process, new capital is …
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