07-09-2021, 04:46 PM
Likely Alibaba and Tencent wont be receiving support from China as they are already large. However, China wont be too hard on them such that they will die.
These companies have extremely good execution and products which has transformed them into half a trillion dollar companies. Their potential is large and if the communist government had supported them, they could become 1-2 trillion companies in a decade which rivals the FANG of USA.
However, because the Chinese communist government fear such private enterprises. Hence I think at best, they will only be able to become a trillion dollar company. The mentality of the Chinese government will result in China never producing a top class private company unless it is a state owned enterprise such as Huawei
These companies have extremely good execution and products which has transformed them into half a trillion dollar companies. Their potential is large and if the communist government had supported them, they could become 1-2 trillion companies in a decade which rivals the FANG of USA.
However, because the Chinese communist government fear such private enterprises. Hence I think at best, they will only be able to become a trillion dollar company. The mentality of the Chinese government will result in China never producing a top class private company unless it is a state owned enterprise such as Huawei