Comments by "leapdrive" (@leapdrive) on "‘China’s Nvidia’ Valued at $10 Billion Collapses Overnight! 400 Workers Jobless, Unpaid" video.

  1. This is how it goes: 1. Xi decides to have their own high-tech like NVDA, 2. Appoint a princeling to develop their chip, 3. Provide a few billion dollars as investment from the Chinese coffers, 4. Starts hiring people who sound smart, 5. Tells Xi development is in progress, 6. Finding out they’re going nowhere, 7. Starts lying about progress, 8. Continue to stretch company life until the last day, 9. Broadcast layoffs and closure. This is the same pattern with other high tech companies in China.
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  2.  @JonySmith-bb4gx  , sure: A Brief History of China’s Financial Failures, page 1,245.
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