Comments by "peabase" (@peabase) on "China fines internet giant Alibaba for 'abusing its dominant position'" video.

  1. The CCP is getting antsy about the power the Ant Group wields. Communists aren't fans of power-sharing, you know.
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  2.  @PengMIY  I've got news for you. Any corporation will try to exploit its dominant position in the market. Anti-monopolistic legislation is all fine and well, but in China, state control over enterprises goes much, much further. The extensive meddling by the CCP is arguably hurting the Chinese economy. World-class companies are held back by Xi's ill-considered policies and authoritarian instincts. Huawei is a textbook case.
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  3.  @Psalm118.26  Your "decadent West" has very rigorous anti-monopoly legislation in place and it's put to use regularly. Maybe you just can't see it with the Great Firewall blocking your view? It would explain the (scripted?) banalities that Chinese commenters always come up with. The odd thing about this Ant Group episode is that their impending IPO was cancelled only days before, and only after Jack Ma openly criticised China's financial system. Not only did the Ant Group lose $76 billion in value, but also, Ma ended up in secret detention for three months. The Ant Group could've become a truly global fintech giant -- now that's doubtful, to say the least. Huawei is best served by being allowed to operate like a true multinational, in line with Jack Ma's abortive ideas for the Ant Group. As it is now, Huawei's murky ownership, suspicions of military ties, dodgy customer credit arrangements, political commissars on the board and the legal requirement to spy on behalf of the state make it a dubious partner for its biggest customers, the telecoms operators. It's like the CCP is intentionally divvying up Huawei's market share among its non-Chinese competitors, some of whom are even publicly expressing pity for Huawei. Xi's authoritarian tendencies are killing the geese that lay the golden eggs. You can cry foul that it's not China's fault, but the CCP sure has a way with making Chinese corporations unattractive as strategic suppliers and worthwhile investment opportunities in the eyes of the world. Don't bother replying with more whataboutisms. If you want to show that you're not a troll, you'll discuss these matters and not conjure up ten others to divert attention from the topic at hand.
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