China’s draft anti-monopoly rules will likely hit the country’s major internet companies, which were already fighting off rivals that were taking away chunks of their market share, Morgan Stanley said in a report.
Shares of major Chinese internet names including Alibaba, Tencent and Meituan fell sharply on Wednesday. It is likely due to rising risks of competition, lower barriers to entry, and higher hurdles for industry consolidation from future mergers and acquisitions.
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That dream of controlling the ENTIRE PLANET with the push of buttons is no longer a reality. If technology secrets, manufacturing and associated jobs still remained in the US then there was EVERY CHANCE to control the planet with mere push buttons.