Author: Lynk – lynk.global
How will a possible breakup of Alipay impact China’s tech stocks
There is now a significant debate over how much of China’s regulatory crackdown on China’s tech sector is now priced in. More are still expected to follow. The latest action that has been reported as a possible breakup of Alipay – a popular payment system set up by Ant Group.
The group has been restructuring its business since April to comply with instructions from China’s central bank. According to a recent news article in the Financial Times, a separate mobile application for its lending business is likely to be created, which is currently handled by lending platforms Huabei and Jiebei within the Alipay app.
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China Could Become a Clean Energy Superpower Once it Ditches Fossil Fuels
China still relies heavily on coal, which you can see from the animated infographic. The reason for this is because the country has been the workshop of the world for decades. It has exported deflation, plus a higher quality of living to the G7 through cheap high-quality manufactured goods. In return, it has effectively imported the carbon emissions from the G7 by manufacturing the goods they consume.
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Lynk Deep Focus: What’s Really Happening in China?
China unveiled the world’s fastest train a few weeks ago. It’s a Maglev which floats on magnets and can reach speeds of 600 km/h. Yet despite China’s technological successes, every now and again it needs to apply the brakes to stay on track. That appears to be what is happening now. China is playing the long game and is making a number of regulatory changes and released a five-year plan to ensure it meets its goals.
