頗懷疑這時候放出金融穩定法風聲,是為了接下來的違約潮與更嚴苛的資金管制做準備。前者可能是不認帳或轉移損失,後者可能是將各方面資金限制檯面化降低流動。
"中國銀行央行副行長劉桂平也在3月的1篇文章敦促改革,他指出,中國的金融規則過於分散,可以借鑑美國的《多德—弗蘭克法案》及其他主要經濟體的金融改革經驗。劉桂平認為,中國需要一致的金融穩定法。
劉桂平已向全國人大呈交提案,並建議在條件成熟時盡快出台。但北京威諾律師事務所合夥人Yang Zhaoquan指出,完成這項法案可能得花上3到5年的時間,他稱,由於風險事件接連出現,不僅損害市場,還波及金融及社會穩定性,因此迫切需要更多且強大法律工具。
《彭博》指出,像共產黨這樣執著於「掌控」的政府,在監管金融機構的行為似乎不太一致,一方面是疏忽對華融的監管,導致該公司爆發財務危機,一方面卻又警告像螞蟻集團這樣的公司影響力過大。"
中國巨型企業遭遇國有化威脅的同時, 逃過倒閉潮的倖存小型企業則面臨金流不足的危機.
"Close to 19% of China’s small businesses shut down last year, compared with 6.7% in 2019, according to a study released in March by Tsinghua University involving more than 50,000 companies nationwide."
"While the insolvency rate is expected to be better this year, many companies still face serious cash-flow constraints. A survey of more than 10,000 small businesses released in March by Peking University and Ant Group Co. found that 15% have sufficient cash flow to sustain operations for six months or longer, down from 19% in the third quarter of 2020, though some expect revenue to pick up as the year progresses."
https://www.wsj.com/articles/for-chinas-small-businesses-life-is-still-far-from-normal-11619953204
螞蟻這種鉅企都讓外資股東面臨相當風險了,遑論其他。
"The global investors, which also included private-equity firms, sovereign-wealth funds and pension plans, were on the cusp of reaping a massive windfall last fall. Now, it is far from certain that those investors will end up making a profit and they can’t easily sell their investments until the company revives its plans to go public again, which could be years away. "
外媒注意到了中國監管機構對數據庫應用獲利的壓縮與鼓勵舉報的政策:
"The admonitions have so far stopped short of demanding complete corporate overhauls, other than for Ant. For some companies, placating Chinese authorities is a matter of tweaking some app features, while others could suffer more if much of their profits rely on data collection and sharing, according to employees of five of the app companies targeted by regulators last month."
再次以數據為藉口的打擊數位產業:
"On Monday, China’s Cybersecurity Review Office, which falls under the Cyberspace Administration of China, said it launched a data-security probe into the apps Yunmanman, Huochebang and Boss Zhipin. It said the review is aimed at preventing national data security risks, maintaining national security and protecting public interests."
再次證明外資撤離香港是正確決定~
"The Didi probe is the first publicized by China’s Cybersecurity Review Office, a unit under the internet watchdog. According to measures which came into effect a year ago, companies under review should receive initial results within 45 days, except in complicated cases."
🤷♀️🤷♀️🤷♀️~
“這封日期為6月25日的信函,由設於新加坡的亞洲互聯網聯盟(Asia Internet Coalition)發出。這個聯盟由臉書、谷歌和推特等網路平台業者和主要科技公司組成。
華爾街日報報導,信中表示:「科技企業要避免遭受這些懲罰的唯一途徑,就是不要在香港進行投資和提供服務。」”
外資的自由市場邏輯與中共的壟斷市場邏輯無法在香港並存。
"While Hong Kong’s population of about 7.5 million means it isn’t a major market in terms of its user base, foreign firms often cite the free flow of information in Hong Kong as a key factor for being located in the financial hub."
翻白眼~
"上海東亞研究所助理所長包承柯告訴中央社記者,在「實名制」的時代,中國的手機儲存個人消費、健康等個資,手機的資訊就等於一個人完整的數據;而成千上萬條數據結合起來,就是一個地區完整的訊息,「當然涉及國家安全」。
而滴滴所持有的高精度地圖,和「運滿滿」、「貨車幫」母公司「滿幫集團」擁有的交通及物流訊息,也被視為高度敏感的數據。"
強硬干涉讓資本再度放大中國政治風險影響而傾向脫鉤:
"Also top of mind for IPO bankers and investors who own U.S.-listed shares of Chinese companies is whether the new guidelines out of China are only about data, or if they represent a sea change from the country that could lead to companies pulling potential U.S. listings.
Either way, a freeze of the Chinese IPO pipeline seems to be the current state of play: Bankers say any Chinese company that was planning a U.S.-listed IPO in the coming months is likely being shelved for now."
"Both Beijing and Washington have long seen economic engagement as the cornerstone of the two countries’ ties. But the relationship has become so unpredictable over the years that even the drive to make money in each other’s markets no longer works as a unifier."
很多人應該會懷念最後那波繁榮光景吧....
"From 2019 to 2022, Western banks played a big role in a flurry of so-called “homecoming listings” of Alibaba and other tech companies that also sold shares in Hong Kong. They also helped dozens of Chinese banks, property developers, manufacturers and retailers sell more than $700 billion worth of U.S. dollar corporate bonds over the past five years. "
"為何要促使市場有效競爭?首要理由在於,有效競爭等於是在鼓勵創新。
從需求面來看,如果需求固定,競爭必須互相取代,好比在「紅海」內自相殘殺(cannabilization)。創新則因為創造出新的品味或需求,有如開拓新「藍海」,可避免重疊;就供給面而言,創新等於是藉由更有效率的生產方式來降低成本,而且得以服務更多的消費者,因為更多的消費者得以享受原先付不起的消費。
其次,因為生產性或經濟資源有限(稀少性),人們最好還是透過市場競爭來爭取資源,這對整體社會的財富創造比較有利。不然的話就必須藉由政治運作或親疏關係等途徑來從事資源分配,非但沒有效率,而且難以預測。
尋租或競租行為(rent-seeking),講的就是這種浪費社會資源的現象。好比為了職位升遷,大家都拼命送禮給長官,這些送禮行為本身沒有為整體社會貢獻任何產值,也就不具生產力。"
“不要讓韌性或堅韌只成為形容詞,應進一步發展成適合台灣情況並可操作、執行的內容與目標。國防或國家安全當然仍是第一要務,但也必須高度留意是否因為重視這些基本生存問題,以致忽略其他國家目標與價值。此即國家韌性,並和公部門是否具有效率,特別是有無完成原先組織設置的目的密切相關,尤其是攸關經濟治理與管制機關(暱稱人民權益的看門狗/Watchdogs)的效能是否強大最為關鍵,例如競爭法機關。
為什麼呢?因為這些政府組織和經貿、財稅、國發等部門不一樣,通常不是站在第一線,向來並不會受到太多關注,其績效與表現更容易因為整個社會的注意力放在國安上面而被忽略。偏偏在數位時代,管制機關的重要性無以倫比。主要理由在於,數位平台經濟及其所衍生的公平競爭、隱私與詐騙(大數據)、消費者權益等三大問題,已逐漸成為經濟發展和人民權益保障的核心。可惜台灣的管制機關或因為陷入「管制會影響發展的迷思」(兩者實為互補),或面對新興議題面面相覷不知所措(源於價值目標模糊),普遍缺乏能動性(agency) 。”
軟銀孫正義之類的國際投資人再度中槍...
" The sudden regulatory actions, which surprised investors in coming just days after the company’s IPO, suggested that protecting national security trumps Beijing’s ambitions for Chinese corporations to go global. One upshot: Beijing is unlikely to hold fire even if its regulatory moves risk the ability of Chinese firms to court international investors. "
不曉得要用幾折價脫手給CCP?
"《彭博》報導,Alicia Yap 等花旗集團分析師在報告中指出,日本軟銀在阿里巴巴 IPO 之前就押注,因此很大一部分持股未登記為 ADS。花旗計算,軟銀持有阿里巴巴 53.9 億股普通股,相當於 6.7376 億股 ADS,即 24.8% 的股份。
近期,阿里巴巴向美國證券交易委員會提交文件,顯示登記了 10 億份之前未登記的ADS,花旗認為,這意味著軟銀可能計畫拋售部分持股。"
難怪阿共沒理會阿九馬,因為他們正在忙將縮水到四分之一的阿里馬大卸六塊⋯
“Under the restructuring, Alibaba’s various businesses will be split up into six major areas: cloud computing, Chinese e-commerce, global e-commerce, digital mapping and food delivery, logistics, and media and entertainment, the company said Tuesday.”
https://www.wsj.com/articles/alibaba-to-split-into-six-separate-groups-in-biggest-shake-up-9ce2201f
買美股是趁低點撿便宜,買港股則趁機賣個好:
"The purchase sizes aren’t huge — Alibaba’s market capitalization is about $171 billion — but given who is buying, they are likely to be closely followed by investors and policymakers. Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent.
這些增持的規模並不大——阿里市值約為1710億美元——但因為身份的特殊性,他們可能會受到投資者和政策制定者的密切關注。阿里去年回購了95億美元股票,使其流通股數量減少超過3%。"
https://cn.nytimes.com/business/20240124/jack-ma-alibaba-shares/zh-hant/dual/
一年後終於賣掉八成五的股份啦?...
"「金融時報」分析軟銀提交給美國證券管理委員會(SEC)的文件指出,遠期銷售顯示,軟銀對阿里巴巴持股最終會降至僅3.8%。"
"《彭博》報導,根據港府統計處數據,截至今年6月1日,共有254家美企設駐港地區總部,去年同期為282家,相當於年減10%,是自2003年以來最低,當年的數字為242家。
這些數據也顯示出,中國去年起實施的國安法,正影響香港的國際業務,北京正改變香港過往吸引外資的法治體系。與此同時,中國企業駐港總部數量持續上升,年增約6%至252家,直逼美資公司數量,美中企業分別佔總額17.4%、17.3%。"
專政之下無兩制:
"其中第13條規定,數據處理者從事以下活動,應當按照官方有關規定,申報網路安全審查:包括匯聚掌握大量有關國家安全、經濟發展、公共利益的數據資源的網路平台營運商,在實施合併、重組、分立時,可能影響國家安全;處理100萬人以上個人資料的數據處理者,赴國外上市時;數據處理者赴香港上市時,可能影響國家安全。
此外,大型聯路平台營運商在境外設立總部或運營中心、研發中心時,應當向中國網信部門和主管部門報告。"
不管是京股還是港股,表現都慘兮兮...
"《彭博》數據顯示,今年在募資至少1億美元的企業中,其IPO價格在香港平均下跌近20%。相較之下南韓IPO價格平均上漲近40%、印度則是漲32%。
香港市場最初受到低廉資金和充裕現金帶動IPO熱潮,近期逐漸降溫。雖然今年上半年收益年成長飆升130%,但隨後的幾個月內,受到中國對多個產業的打擊,幾乎沒有大筆的交易出現。"
壟斷數據資產的政策觀(被資產化的韭菜數據流只能是滋養黨的電流) 與進一步截斷大額資金外流管道(監管境外可變利益實體的企圖)
"In essence, the law shows that such digital records should be considered a national asset, which can be tapped or restricted according to the state’s needs."
"... the cyberspace administration is also working with China’s top securities regulator and other ministries in revising longstanding rules governing so-called variable interest entities, the people say. Such corporate structures, known as VIEs, have enabled foreign investors to buy into Chinese companies in technology and other sensitive sectors without outright owning voting shares in these firms.
.... One option being considered by the regulators is to require companies using the VIE structure to seek regulatory approval before selling shares in foreign markets "
滴滴被下架的後續影響:
"Bytedance, whose shareholders include Sequoia Capital and KKR & Co., is one of the world’s most valuable startups. Unlike Didi, which had chalked up losses for years, Bytedance’s financials meant it didn’t have to hurry to list, "
一頭霧水:這個罰款金額與要求騰訊放棄的權利根本不成比例啊。
“根據《CNBC》報導,中國反壟斷監管機構向騰訊下令,要求放棄旗下的國際唱片公司獨家音樂許可權,並向騰訊罰款。
外媒消息指出,國家市場監督管理總局(SAMR)24日以「騰訊違規收購中國音樂」,對騰訊處以50萬元人民幣(約216萬台幣)的罰款。”
CNBC的報導連結有提及騰訊佔了中國音樂庫八成資源:
“Following that acquisition, Tencent owns more than 80% of exclusive music library resources, giving the company an advantage over its competitors as it is able to reach more exclusive deals with copyright holders, SAMR said in a statement.”
外商遊戲託鎖國的福, 損失有限, 真正輸家還是韭國自家遊戲產業, 可喜可樂~
"The impact on U.S. game makers from the government’s decision is expected to be somewhat limited, given their indirect exposure to the Chinese market. Beijing treats videogames as publications and imposes its censorship rules on videogames before they can be sold in China."
這廿年來的壓制遊戲產業政策以保護兒童名義打擊遊戲產業的荒謬在於兒童用戶對這產業貢獻不到5%收益:
"The Chinese government has been restricting videogame usage for at least 20 years, says Lisa Cosmas Hanson, president of Niko Partners, a firm in Campbell, Calif., that researches the Asian gaming industry. Yet the number of gamers in China rose from 120 million in 2010 to 727 million last year, according to Niko.
Less than 5% of Chinese videogame revenue, on average, comes from children. Players of all ages have sidestepped China’s previous restrictions on videogames by using such dodges as private computer networks, logging on with fake identification or getting another person to sign in for them."
兩年後的中國網路遊戲產業難得有一絲火苗能苟延殘喘:
"Even absent confirmation that the proposal had been killed, the stock prices of China’s two largest video game companies jumped on Tuesday, with Tencent rising 3.7 percent and Netease rising 6 percent, more than the overall market.
即便無法確認草案已遭否決,中國最大兩家遊戲公司的股價仍在週二迎來攀升,騰訊上漲3.7%,網易上漲6%,漲幅超大盤整體水平。"
https://cn.nytimes.com/business/20240124/china-online-video-games/zh-hant/dual/
WSJ對騰訊的風吹草動跟進很快欸!
"At some of the state-run companies, the transition from Weixin to other apps could be gradual, people familiar with the matter said. Some companies have asked employees to move work-related conversations to other platforms, they said. Those include the companies’ internal-messaging platforms, DingTalk—Alibaba’s chat app largely for enterprise—and Tencent’s WeCom, they said."
騰訊這隻金雞母繼續設法瘦身避風頭中:
"Last month, Tencent unwound an even larger corporate investment when it distributed 457 million shares of JD.com Inc. to its own shareholders in the form of a dividend. Those shares in JD.com, an e-commerce company, were worth about $16.4 billion at the time. Analysts said that the move might have been a response to risks posed by an aggressive regulatory stance by China’s government.
Chinese technology companies have been facing government pressure related to anticompetitive behavior and privacy issues, part of a campaign Beijing has said is intended to get the companies to serve public interests better.
Tencent was among the businesses targeted by the government in an effort to rein in their use of big data in providing financial services."
對外說法也很乾脆讓大家心知肚明:
"騰訊昨在官網發出聲明稿指出,將減持冬海集團1449萬2751股A類股份,騰訊在冬海持股將從21.3%減為18.7%;騰訊所持有投票權預計將減到10%以下。騰訊擬長期維持在冬海絕大部分股權,並持續保持現有業務合作關係。騰訊將受限於禁售期,在未來6個月內不可進一步出售東海的股份。
該份聲明稿表示,這次交易是為了提供資源以支持其他投資和社會責任項目(例如:慈善事業)。據表示,去年8月,騰訊將用於「社會責任」項目的資金增加了一倍,達157億美元。"
金雞母吐金累計:
"騰訊去年8月投入500億人民幣資金,啟動共同富裕專項計劃,將深入結合自身的數位和科技能力,在鄉村振興、低收入人群增收、基層醫療體系完善、教育均衡發展等民生領域提供持續助力。若把去年4月的500億人民幣算進去,騰訊已為「共同富裕」累計投入1000億人民幣資金。
騰訊去年Q3合併營收年增僅13.5%,達1423.7億人民幣,低於外界預期,也是上市以來最慢速的成長。"
翻白眼: 早晚要撤,當然是早撤早安心。
"《彭博》報導,美港中概股因中國一系列的監管措施,股價殺到快見骨,連帶使得中國內地股市也跟著遭追殺,迫使中國官媒發表一系列文章,暗示股市已經跌過頭,部分分析師更推測,中國政府基金已開始進場干預,盼止息市場恐慌性賣壓。
為了緩解國際投資者的擔憂,知情人士透露,中國證監會周三(28)晚間急召國際投資機構解釋,這次匆忙安排的電話會議與會者主要是國際銀行,由中國證監會副主席方星海主持,還要求匿名討論。"
一場可疑火災燒出的新稻草人:
「最近在中國股市引發極大震撼的話題,就是中國平安遭證監會調查的傳聞,據悉是中國平安的房地產投資問題,但平安已否認此事,卻難以平息馬雲這把火,是否已燒到中國平安董事長馬明哲身上的猜測。
紐時曾在2012年長文披露溫家寶家族崛起,文中提及溫出任副總理後,其家人透過各式各樣的投資總共累積了至少27億美元的財富,而溫家最大一筆財富的來源,就是平安保險上市募資前的投資。」
目前看過對網路時代的中國抑商政策最明白之理解了:
[ “Alliances with businessmen were temporary as part of the Party’s goal of total societal control,” Mr. Shum writes in his book. “Once we were no longer needed—to build the economy, invest overseas, or help restrict freedoms in Hong Kong—we, too, would become the enemy.” ]
終究還是把經濟問題當政治問題處理。
"華爾街日報報導,中國9月26日突然發布通告,中央第8輪「巡視」將對中國人民銀行、銀保監會、証證監會、外匯管理局、中國投資、國家開發銀行、中國進出口銀行、中國農業發展銀行、中國工商銀行、中國農業銀行、中國銀行、中國建設銀行、交通銀行、中國中信集團、中國光大集團股、中國人民保險集團、中國人壽保險(集團)、中國太平保險集團、中國出口信用保險公司、上海証券交易所、深圳証券交易所、中國華融、中國長城資產管理、中國東方資產管理、中國信達資產管理等25家金融單位「黨組織」開展常規「巡視」。
報導指出,從10月開始,中央紀律檢查委員會的反腐調查人員已經進駐 25 個金融監管機構及銀行的辦公室,審查這些監管機構及銀行的貸款、投資和監管文件,並要求回答某些交易或決定。任何被發現「誤入歧途」的實體都會受到處分,以徹底掃除任何「政治偏差」"
好吧,市場等著被上下沖洗吧。
"The financial-sector scrutiny comes as Beijing is also trying to address the economy’s dependence on debt-fueled construction sprees, which is prompting turmoil in China’s property sector. By expanding his economic campaign, Mr. Xi risks unleashing dynamics that could severely cut into growth in coming months."
日經這篇從親美派被冷待的切入點還滿有趣的:
"習近平對美觀點已和有大量改革意識的北京清大經濟管理學院顧問委員會格格不入,迥異於二○一二年接掌中共總書記時的尊敬態度。該委員會榮譽主席為前中國國務院總理朱鎔基,成員包括馬雲、鴻海集團創辦人郭台銘、前美國財長鮑爾森、凱雷投資集團共同創辦人魯班斯坦,被視為美中溝通背後關鍵管道。習近平重心現已轉到國有企業領域,中國坊間盛傳朱鎔基對習經濟政策有嚴厲批評。"
https://www.nikkei.com/article/DGXZQOGM025W10S1A101C2000000/
兩年後加速倒車:
"Under a restructuring plan unveiled at this year’s legislative session, however, Mr. Xi is returning the PBOC to the pre-Zhu Rongji model, abolishing the regional arms and setting up local branches in more than 30 localities. An upshot, say officials close to the PBOC: the central bank likely will be beholden not only to the party’s power center but also to local party chiefs, another step in a series under Mr. Xi that have eroded the autonomy of China’s central bank."
這樣會令金融資本營運更加低效, 太好了:
"China’s anti-corruption officials warned bankers in February that it would “investigate and deal with the people who neglect the party’s leadership.” They directed the finance executives to embrace the party’s values and avoid emulating what they see as the West’s singular focus on money."
https://cn.nytimes.com/china/20230428/china-banker-crackdown/zh-hant/dual/
中國金融業的資本適足率弱點:
"Chinese banks, relative to their global peers, aren’t that well capitalized to start with. And a recession would deplete that capital significantly, as stress tests the IMF conducted on banks around the world illustrate. For China, the IMF simulated an adverse scenario in which growth averages 1% instead of 5% for three years and property values decline. The result: Chinese banks’ capital ratios would plummet from 11% last year to 7.1% in 2025, the worst of any region under the stress tests."
https://www.wsj.com/world/china/dont-rule-out-a-financial-crisis-in-china-ed048ef9?mod=hp_lead_pos3
看來中國今年金融控制照舊:
"華爾街日報報導,出現何為「中國公司」的難題源於中國證監會去年3月實施的境外上市備案新規,要求公司在上市前進行備案。如果一家公司一半以上的收入、利潤或資產在中國大陸,無論其總部在哪裡,中國證監會都希望看到相關備案。
中國證監會還要求主要在中國大陸展開營商活動的公司、高層管理人員在中國出生或主要居住在中國的公司提交備案。
若公司的中國身份不明確,中國證監會採取一種「實質重於形式」的做法,從而使「中國公司」這個定義可以有廣泛的解釋"
中國證監會這種模糊定義的長臂管轄有助於外資進一步脫鉤中國經濟(?
https://www.wsj.com/finance/regulation/the-china-conundrum-facing-wall-street-banks-65433134?page=1
中國的長臂管轄也會令此類跨國收購遇到國安疑慮:
"目前還不清楚京東會如何處置Currys的門店,換句話說,就是只專註於倉庫建設,以配合其近期的擴張。京東一直在逐步建立其在歐洲的物流網絡,其房地產部門於2022年在英國收購了一個36.1萬平方英尺的倉庫,這是它在英國的第一個倉庫。
在英國200億英鎊(約合250億美元)的電器市場中,京東擁有約四分之一的市場份額,運營一家以商店為基礎的公司將代表着在線專業公司京東的轉變,這筆交易為其提供了一條潛在的捷徑,無需在營銷和品牌建設上花費數億美元。"
外資跑得差不多了~
"Deals for Chinese start-ups that included U.S. investors declined 88 percent between 2021 and 2023, from $47 billion to $5.6 billion, according to PitchBook, which tracks start-ups.
跟蹤初創企業的PitchBook的數據顯示,在2021年至2023年期間,包括美國投資者在內面向中國初創企業的交易減少了88%,從470億美元降至56億美元。"
https://cn.nytimes.com/technology/20240221/silicon-valley-vc-china/zh-hant/dual/
今天看到這則有趣了: 陸家嘴姿態敢這麼硬莫非是政治秀嗎?
"中媒表示,透過層層股權發現,蘇鋼集團背後的最終實際控股公司,為中國平安。"
小翠這集把陸家嘴與蘇鋼乃至於被攔胡的北大方正之間說得比較清楚:
WSJ這篇的原始標題比較直白: 罰過滴滴後, 國企準備入股.
"The potential deal, which was at a preliminary stage, would be led by Beijing Shouqi (Group) Co., a smaller, state-owned rival to Didi that is backed by the city’s Beijing Tourism Group Co., a person familiar with the matter said Friday.
The proposed investment in Beijing-based Didi was earlier reported by Bloomberg. One potential scenario could see the consortium taking a so-called golden share with veto power and a board seat, Bloomberg said."
"China is moving into internet-content companies by acquiring stakes, filling board seats and sending dedicated regulators to police content at firms more frequently."
路透社這篇顯示滴滴高階管理層已經做好公司被接管的離職準備:
“Liu, 43, has in recent weeks told some associates that she expected the government to eventually take control of Didi and appoint new management, said the two sources.
Liu, a former Goldman Sachs Group Inc banker, told a couple of executives close to her in recent weeks - including those who had followed her to join Didi from the Wall Street bank - that she planned to leave and encouraged them to start looking for new opportunities as well, said one of the sources who was briefed on the matter.
Some of those executives have since approached industry contacts for job leads, the source said.”
滴滴下架後的新進展: 退出美股改去港股
"外媒日前報導,中國國家網信辦已要求滴滴制定從紐約證券交易所下市的具體計畫。滴滴今天的宣布,形同證實這一報導的真實性,說明中國官方才是讓滴滴自美股下市的背後力量。"
翻譯: 小熊只准金雞母養在韭菜園裡.
"Instead, Didi said it would apply to delist its American depositary shares from the NYSE, while ensuring they would be convertible into shares that could be freely traded on another international stock exchange. It said it would arrange a shareholder meeting to vote on the move. Didi didn’t provide a reason for the planned New York delisting."
"Chinese authorities have wrapped up investigations into Didi. They have discovered little evidence so far to support allegations that the company posed national data security risks by listing in the U.S. and letting American regulators have full access to review its audit papers, the Journal reported previously."
@Perfume 反党集团的小把戏 逃不过习近平的手掌心 定于一尊 大陆体系 世界大战 人口减半 势在必行!
@Perfume 人工挤泡(其实是冻结泡沫更恰当)的史无前例的大实验,看看效果如何。
法院認證的用戶數據外洩:
"《彭博》報導,1家幫助淘寶賣家的營銷顧問公司,其1名員工自2019年以來私下抓取了超過10億個包括用戶名和電話號碼在內的敏感用戶數據,用於為其他客戶提供服務。"
https://ec.ltn.com.tw/article/breakingnews/3571669