5min chapter

Sinica Podcast cover image

Inside Tencent's "Influence Empire," with Bloomberg's Lulu Chen

Sinica Podcast

CHAPTER

What's Your Understanding of the Big Picture Thinking of China?

Ant Financials IPO was pulled. DD found themselves in really big, deep regulatory hot water supposedly over concerns about data security where they were allowing too much sensitive data to be out of their hands as a US listed company. And then of course the entire after school tutoring sector just gets completely clobbered. I think it's more about personnel issues. So you had these ticker, technical grads who grew under different patrons who rise through the ranks and we're overseeing these divisions. Now C wants to replace his own people into these key functions of government.

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