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The SEC requires publicly traded companies to disclose substantial risks to the company’s operations or business. Is there any credible evidence to suggest Didi execs were completely unaware the app was at risk of an imminent shutdown when the company filed its 10-K?
— Jacob Helberg (@jacobhelberg) July 7, 2021
Makes you wonder how many trillions are stuck in US monopolies https://t.co/nWHVVYg32z
— can! (@can) July 7, 2021
And India is under pressure from US VCs to allow Indian cos to list overseas: China Considers Closing Loophole Used by Tech Giants for U.S. IPOs @PiyushGoyal @nsitharaman @IndianVCA https://t.co/ZYyPzjOVt8
— Gopal Srinivasan (@GopalSri) July 7, 2021
Beijing’s crackdown on Didi soon after its New York listing is forcing China’s tech elites to redo their political & business calculations. Possibly the biggest beneficiaries of globalization, they must show their loyalty and obedience to Beijing now. https://t.co/EBXoHqYYO5
— Li Yuan (@LiYuan6) July 7, 2021
To recap:
— Shira Ovide (@ShiraOvide) July 7, 2021
U.S. concerned about data flowing from Chinese-owned apps to China.
China concerned about data from U.S.-listed apps flowing to U.S.
Failure to disclose the latter in U.S. gets Chinese-owned apps in trouble. https://t.co/rOcP3dZQmw
“the rules would require firms structured using the so-called Variable Interest Entity model to seek approval before going public in Hong Kong or the U.S.”
— Jorge Guajardo (@jorge_guajardo) July 7, 2021
Performative statement, pretending HK is the equivalent to US, and not under CCP control. https://t.co/HUYfhUTgsH
This is an important metric. The party is directly destroying the wealth of China’s fledging tech sector https://t.co/o0bV4N6sxF
— Victor Shih (@vshih2) July 7, 2021
Word to the wise - Don't cut off your nose to spite your face https://t.co/BYSJXqd7GY
— Subrahmanyam KVJ (@SuB8u) July 7, 2021
China is planning to require firms using the so-called Variable Interest Entity model to seek approval before going public in Hong Kong or the U.S., sources say https://t.co/HHvim6PR18
— Lulu Yilun Chen (@luluyilun) July 7, 2021
Didi took $13 billion in cash from American investors and days later the Chinese government shutdown the app. Wonder if American investors will draw any takeaways.
— Jacob Helberg (@jacobhelberg) July 7, 2021
Between banning crypto and bitcoin mining and now closing access to US capital markets, China is clearly changing course. The unanswered question is...
— Rich Kleinbauer (@RMKOutFront) July 7, 2021
why? https://t.co/iCiQuSl4XR
"Once amended, the rules would require firms structured using the so-called Variable Interest Entity model to seek approval before going public in Hong Kong or the U.S., the people said."
— North Bluff Capital (@bluff_capital) July 7, 2021
China Considers Closing Loophole Used by Tech Giants for U.S. IPOs https://t.co/mDB9OcjxI0
Today's @protocol| China newsletter focuses on the aftermath DiDi's IPO. @dwertime and I unpack DiDi's disclosure conundrum, the regulatory trap it faces, what DiDi knew and when, what happens next. Please give it a read -https://t.co/8hzQkz43Fs
— Shen Lu (@shenlulushen) July 7, 2021
Between banning crypto and bitcoin mining and now closing access to US capital markets, China is clearly changing course. The unanswered question is...
— Rich Kleinbauer (@RMKOutFront) July 7, 2021
why? https://t.co/iCiQuSl4XR
China Considers Closing Loophole Used By Tech Giants For US IPOs - BBGhttps://t.co/Dd2iuLvdKY
— LiveSquawk (@LiveSquawk) July 7, 2021
中国政府はVIEスキームを使って海外に上場する際に政府の承認が必要となるよう規則改正をしたい様子
— ユーエスさん??米国株投資????⚽ (@us_stock_invest) July 7, 2021
規則が改正されれば、中国企業が長年使ってきた「抜け穴」が塞がれることになるとのことhttps://t.co/wIuHWxX94D
Beijing is planning to close a loophole that Chinese companies have used to list overseas including in the U.S. https://t.co/s12JB4HRpz
— Bloomberg Next China (@next_china) July 7, 2021
And India is under pressure from US VCs to allow Indian cos to list overseas: China Considers Closing Loophole Used by Tech Giants for U.S. IPOs @PiyushGoyal @nsitharaman @IndianVCA https://t.co/ZYyPzjOVt8
— Gopal Srinivasan (@GopalSri) July 7, 2021
$DIDI ショックの余波が中国ADR株にも波及してしまいますね。相当敏感になってますね。https://t.co/MwsBHFT0yZ
— りゅーONE JAPAN/ONE X/塩尻特任CIO (@Ryurku_ore) July 7, 2021
・証券監督者が海外上場ルールの変更に取り組む
— bon⭐️アマプラ解約しました (@bon11550547) July 7, 2021
・VIE企業がオフショアを上場するためには、承認が必要になる
って事らしいんだけどDeepLで訳されている日本語ですら理解がムズイ?
China Mulls Closing Loophole Tech Giants Use for U.S. IPOs - Bloomberg https://t.co/Ns8i3dUe83
China Considers Closing Loophole Used by Tech Giants for U.S. IPOs
— Yohei ?? (@legoboku) July 7, 2021
中国政府は中国企業の海外IPOを認めない方針。米国インデックスに中国のカントリーリスクが及ぶの嫌だから賛成だけど、中国株投資してた人は涙目だろうね。 https://t.co/BkziKe13Mo