No Sound in 360
Ever since the 3Q War, there was barely a peep from 360. Its next big move? Going private and returning to list on China’s domestic A-share market.
Sharp political instincts, really. I think this is a critical step: picking China’s side.
And the domestic market certainly didn’t punish it for that. According to the article, government-enterprise partnerships have surged, capturing about 70% of the public-sector business.
Meanwhile, U.S.-China tensions keep escalating. Who’s calling the shots? Who’s slapping sanctions on whom? Are we heading toward something like the Russia-Ukraine conflict, with assets in China seized on both sides? Nobody can predict it. Years ago, leadership urged companies to list back home, and Didi tried to sail against the wind to the Nasdaq. The contrast could not be sharper.
I’m starting to wonder whether my Chinese概念股 positions will really get wiped out.