1/22/2024 0 Comments Western finance on military drThe long-term appeal of China continues to enthrall Western businesses-even as the doors close. “The huge snag with risk analysis writ large is that China fees underpin the corporate market, one way or another-whether it’s the due diligence commissioned for IPOs, or the (indirect) effect of firms buying political risk analysis not wanting to hear bad things,” Donald said. Get out of the f-ing mine shaft and tell your mates to leg it too.” Yet several other analysts from the United States, U.K., and France have spoken to me of the unwillingness of CEOs to hear bad news about China, with one saying they were told to play down the danger because even mentioning it might cause clients to take their business elsewhere. The far greater impact and power of the Chinese party-state, on the other hand, has been neglected.ĭominick Donald, a United Kingdom-based geopolitical risk analyst and director at Autolycus Advisory, summed up the impact of the Didi news to me: “The canary has died. Much more attention has been paid to the moves by Washington on Chinese business, because analysts understand and can talk openly about the politics involved. I think that’s a severe underestimation of the danger the company is in-and it’s part of a long-standing pattern of overlooking political risk in China. Didi’s stock price fell from $15 to just over $11 on the initial news that Chinese regulators had banned the company from signing up new users, but it has since recovered somewhat to $12.75 a share. That’s changed now-and it has led to some skepticism about Chinese listings as a whole. When Didi listed, Western analysts were mostly bullish on its prospects. Chinese officials are reportedly furious at Didi for offering, as they see it, public compliance but private defiance of the party’s orders, using language that echoes condemnations of “two-faced officials” in Xinjiang and elsewhere accused of betraying the party. The firm has been made to take down another 25 apps from stores, as well as being forced off the “super-apps” that are the main interface for tens of millions of users. Ride-hailing firm Didi Chuxing continues to be punished by the Chinese authorities in the aftermath of its listing on the New York Stock Exchange. They were a modern day Best Buy or Circuit City.Didi’s Problems Aren’t Being Priced Properly I later worked for the company that liquidated all of Frisco's assets and was the sole common denominator from the old crew to the new crew.įrisco Electronics " We beat any price!" was a medium sized 'big-box' store and was a predecessor to places like Service Merchandise, Best Products (RIP) altough Best Products (Loop 410 & Evers?) and San Pedro near McCarty had a much larger product line, including jewelery. (Parent company) out of Utah decided to close all of their profitable Texas stores to keep the floundering Utah stores open. I used to work at Frisco Electronics, orginally at 1310 SW Military, they relocated to 1245 SW Military (next to taco bell) before the Stokes Bros. Later, Cody's moved to 1201 SW Military Garnett. The Handy Andy later became "Chaps" (or was it Cody's?) the southside version of what Midnight Rodeo became, long before it's day. At Boswell & Military was the old Handy Andy, La Feria, El Norteno record shop. behind that building used to be Art's Muffler and a pawn shop, both have been replaced years ago. 666 SW Military Dr, San Antonio, TX - Google MapsĪlmost across from Wendy's.
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