The key question is who will benefit from Didi's death?
CCP? The death of a Chinese public company listed in western exchange at the hands of CCP will send a shudder to all the companies (domestic and foreign) around the world and greatly diminish the likelihood of any future capital raising and listing from world market. CCP will not benefit from Didi's death, as a matter of fact, it will lose big if it ever happens. CCP wants to regulate the big tech companies so that there will be a healthy competition in Chinese market and there will be more companies able to raise capital and thrive in open market. Many analysts compare Didi to Luckin, but it seems to me CCP regulating Didi just to avoid another Luckin incident. Luckin and Didi are not comparables, rather they are cause and consequence. Because of Luckin there comes Didi.
And so far CCP has been logical throughout its ruling in China, and I highly doubt CCP will kill Didi.
I would think CCP may actually go out of its way to help Didi succeed once Didi finds a way to satisfy CCP's cyber security review and prove its compliance.
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