Spirits were high when the stock of Chinese ride-hailing service Didi went public in New York. However, just two days later Beijing started a crackdown campaign against the company. Western investors are becoming increasingly skeptical about Chinese IPOs.
Von Redaktion Table
Following the state-enforced closure of the Apple Daily newspaper, other China-critical media in Hong Kong are also fearing for their future. The National Security Act hangs over the editorial offices like a sword of Damocles. Even the renowned South China Morning Post is rumoured to be sold to a Chinese investor loyal to the state, who could turn it into an instrument for Beijing's propaganda.
Von Marcel Grzanna
