No one expected that the United States would end a series of crackdowns on ZTE and Huawei, and as a result, the United States would turn its guns on Alibaba! After the science and technology war, the financial war has finally come! Again and again, the United States strikes again
The U.S. Senate abruptly passed a heavyweight bill called the Foreign Companies Accountability Act. Disclosure under the Act requires any foreign company to disclose whether it is owned or controlled by a foreign government. Moreover, all the details of the company must be reviewed by the US government!
In short, all U.S.-listed Chinese companies must disclose corporate data, privacy, business information, and more. Once the U.S. government implements the bill, for more than 100 large Chinese companies listed in the United States, it is no different from the emperor's new clothes, and the whole body is clearly visible to americans.
More than 100 of China's top Internet companies, led by Jack Ma's Alibaba, Liu Qiangdong's JD.com, Ding Lei's NetEase, and Robin Li's Baidu, will be seen by Americans! This is not just hegemony, the United States is a complete thief. It's just that there is no black and white writing "Ming Grab".
According to the Observer Network, another blockbuster news! Wall Street formally sued Alibaba and Jack Ma, and U.S. stock investors filed a class action lawsuit against Alibaba in the Southern District Court of New York, citing Alibaba's plunging stock price and damage to investment. On April 22 this year, they amended the indictment to list Ma Yun as the new subject of the lawsuit. The motives for Americans to sue Alibaba and Jack Ma are intriguing.
Jack Ma stepped down as chairman of Alibaba in September 2019 and will no longer serve on the group after stepping down as a director in October 2020. This time, the investors revised the complaint that listed Ma Yun as the subject of the lawsuit without major changes in the content of the allegations, which raised concerns in the industry that the United States continued to suppress Chinese technology companies.
In fact, the U.S. crackdown on Chinese companies is endless. Under the continuous suppression of the United States, the mainland Internet industry is in turmoil. Chinese tech companies listed in the U.S. have lost nearly a trillion dollars directly. Alibaba's market capitalization alone has shrunk by $620 billion. Market capitalization fell out of the top ten. Before that, we and the United States accounted for half of the 20 largest companies in the Internet field, but now the total market value of Chinese Internet technology companies is not as good as that of Apple.
As for Chinese companies that were also hit by the United States earlier, Huawei's revenue fell sharply last year, down 257.4 billion yuan from 891.4 billion yuan in 2020, down 28.9% year-on-year. In order to "survive", Huawei sold all of Glory's business. Not only Alibaba and Huawei, but many Chinese companies have been suppressed by the United States before, and other companies may become targets in the future. At this time, Chinese companies must be more vigilant and withstand the pressure. At the same time, more people should stand up to support our Chinese enterprises and cheer for our domestic enterprises together!