China’s Top Streaming Platform Bilibili closes lower on the first day of trade in Hong Kong as Chinese tech stocks face pressure from the American Government’s cold war against china’s rise.
According to news reports the secondary listing is a hedge against any potential delisting in the U.S.
America’s war on all things China is now targeting Companies listed on the stock exchange. The U.S. Securities and Exchange Commission adopted a law which if implemented would increase the auditing requirements for Chinese-owned companies.
According to news reports Bilibili has over 200 million mostly Chinese millennial or Gen Z monthly users.
They believe the window of opportunity to beat China is rapidly closing; they believe if they don’t contain China now, they will never be able to contain it. This is the conclusion of some American strategists & this is the reason they are paranoid, frantically attacking China.— Ebrahim Hashem 易卜拉辛 إبراهيم علي هاشم (@EbrahimHashem) March 27, 2021
Interesting thread. Emily, who says it’s embarrassing even smart folks in China don’t know their place anymore, embodies what China was trying to communicate in Alaska. There really is a propensity for condescending Americans to think their opinions & values represent the world’s https://t.co/mJytwqKYCn— Daniel Dumbrill (@DanielDumbrill) March 28, 2021