The article follows the expected lines that hint Xi is kind of a dictator and is afraid to face any challenge from outside (which obviously satisfies the taste of my HN readers), but fails to ask the real question.
The real question that begs for explanation: The new lending law doesn't come out from nowhere. It was not drafted overnight, and was not drafted without the consultation of the target of regulation -- in that case, I'm also sure (but without hard proof as I'm just nobody) that Ant was one of the companies that the government inquired. So the real question is: Did Ant know about the regulation when it files for IPO, and if so, why didn't it disclose it?
A second question is: Ant and similar countries have been growing for years and years. Why does the government slam down the regulation in this year? This might not be a legitimate question though, as regulations usually come far behind, so it might be reasonable for the government to act slowly in this case. But still, I believe it's about time that some anti-monopoly law fells on head of companies such as Ali and Tencent. They are wayyy more powerful than they appear to be.
The real question that begs for explanation: The new lending law doesn't come out from nowhere. It was not drafted overnight, and was not drafted without the consultation of the target of regulation -- in that case, I'm also sure (but without hard proof as I'm just nobody) that Ant was one of the companies that the government inquired. So the real question is: Did Ant know about the regulation when it files for IPO, and if so, why didn't it disclose it?
A second question is: Ant and similar countries have been growing for years and years. Why does the government slam down the regulation in this year? This might not be a legitimate question though, as regulations usually come far behind, so it might be reasonable for the government to act slowly in this case. But still, I believe it's about time that some anti-monopoly law fells on head of companies such as Ali and Tencent. They are wayyy more powerful than they appear to be.