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BYD gives up on chip making share sell off
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BYD gives up on chip making share sell off
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25th August 2021, 20:55
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,541
 |  BYD gives up on chip making share sell off All part of Beijing's crackdown on tech businesses In a move that is being pushed in the West as Beijing's crack down on its big tech Chinese electric car maker BYD's plan to sell shares in its computer chip making unit has been suspended. A number of China’s big tech companies have been hit by a sudden rash of rules and laws by the Mandarins of Beijing, much to the disgust of the Western Press. It seems that while China is doing what western government’s fear to do to their own Big Tech overlords it is safer to report the moves as being bad. The government action appears to involve the way that the deal was being carried out. Over the weekend, the Shenzen Stock Exchange said Beijing Tian Yuan Law Firm, one of China's biggest legal services companies, was being investigated in relation to the listing. https://fudzilla.com/news/53424-byd-...share-sell-off |
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