The Big China Exits
Quote from Ndubuisi Ekekwe on November 2, 2021, 8:15 PMAs China widens the switch for its high voltage searchlight for digital tech, Yahoo quits, citing an "increasingly challenging business and legal environment." The web tech pioneer joins LinkedIn which partially exited China. Fortnite maker has also exited after China froze the broad online gaming sector. China thinks that it is losing control of the unbounded Internet and wants to take over.
Africa, watch out because many Chinese companies will be descending into the continent as they look for growth to justify the high valuations investors have put on them. Be ready for a new order in the next coming months.
As China widens the switch for its high voltage searchlight for digital tech, Yahoo quits, citing an "increasingly challenging business and legal environment." The web tech pioneer joins LinkedIn which partially exited China. Fortnite maker has also exited after China froze the broad online gaming sector. China thinks that it is losing control of the unbounded Internet and wants to take over.
Africa, watch out because many Chinese companies will be descending into the continent as they look for growth to justify the high valuations investors have put on them. Be ready for a new order in the next coming months.