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meowmeowme
2021-12-01

China to close VIE used by Chinese compamy for oversea listing....

Not sure about implication on existing listed company... But certainly doesn't sound good for investors' confidence.

Smack. $Alibaba(BABA)$$DiDi Global Inc.(DIDI)$

https://www.bloomberg.com/news/articles/2021-12-01/china-plans-to-ban-loophole-used-by-tech-firms-for-foreign-ipos?srnd=premium-asia

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