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A billion dollars here, and a billion dollars there, and pretty soon you’re talking about real money. $FXI $ASHR https://t.co/hMgOSMmDPF
— Steve Sears (@sm_sears) August 6, 2021
Meituan, with a market capitalization of about $170 billion, has raised billions of dollars from global investors and is China’s third-most valuable publicly listed internet company after Tencent and Alibaba.https://t.co/lAnq20TvoZ
— Jonathan Cheng (@JChengWSJ) August 6, 2021
Communist Party of China destroying its internet platform companies by making them insure their delivery workers and contractors ? https://t.co/RbSnqXpOOC
— Lei Gong (@gonglei89) August 6, 2021
FUCK YEAH MEITUAN'S GONNA GET DRAGGED
— Naomi Wu 机械妖姬 (@RealSexyCyborg) August 6, 2021
I'm not one to get too patriotic (with good reason) but the fact I can be sure big companies who pull shit like this are gonna get what's coming to them sooner rather than later is pretty damn nice.https://t.co/jrE4G6ucUx
Via @korkutgule https://t.co/vNWK6ABLxq pic.twitter.com/qTBvSdbDkb
Fresh out the oven: Chinese regulators are preparing a roughly $1 billion fine on food-delivery giant Meituan for allegedly abusing its market position to the detriment of merchants and rivals, say people familiar with the matter.@QiZHAI @raffaelehuanghttps://t.co/lAnq21b6gx
— Jonathan Cheng (@JChengWSJ) August 6, 2021
Investors owning China ADRs don’t understand that in China companies just don’t go about their business after posting fines like in the US, their biz models change forever. No such thing as repeat offenders. It becomes very tough to three-peat from jail https://t.co/Pa0zHo1KKj
— Stephen L. Weiss (@stephenLweiss) August 6, 2021