Discover and read the best of Twitter Threads about #36kr
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4. Is this regulation something new? It is officially codifying existing facts on the ground. The rumor is after the Edu regulation debacle/Edu Minister fired, this is govt trying to set it officially, so private capital doesn’t come in, then got banned, raising another uproar.
5. Will @caixin_intel /@Caijing be banned now? Likely not. They are state owned media, as Twitter labelled them thus, even though in China, they are considered somewhat opposition media and got article censored left and right.
6. What about Weibo/Tencent? First order effect are small because they were only in news distribution business, never in having actual journalists and news creation business. But there are some secondary effects.
1 A thread on China NDRC proposed ban on private capital in news media business and potential impact on companies like #Weibo #Tencent, @caixin_intel, #36kr etc. and other private financial companies like #蓝鲸 #财联社 baijiahao.baidu.com/s?id=171306686…
2. NDRC：I have written about it and how central it is in China’s state-owned part of the business, which is still close to 40-50% of China GDP. It is central to understand the energy crisis because it has a say on coal production and electricity price.
3/12 China Market Entrance Regulations, similar to the Foreign Capital Entrance Regulations that's behind the reason for the VIE structure, creates a lot of arbitrage opportunities, if you are a brave lawyer/businessman. Link in Chinese of the 2021 Reg. ndrc.gov.cn/yjzxDownload/s…
