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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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From: Jacob Snyder8/27/2021 11:12:22 AM
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BABA gaps down again schrts.co

China plans to propose new rules that would ban companies with large amounts of sensitive consumer data from going public in the U.S., people familiar with the matter said, a move that is likely to thwart the ambitions of the country’s tech firms to list abroad.…

It isn’t clear whether the new rules would affect companies that are already listed on a foreign market under the VIE structure. In recent years, some New York-listed Chinese companies like search-engine operator Baidu Inc. have done secondary listings in Hong Kong amid rising tensions between Beijing and Washington.… wsj.com
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