A couple of readers have reached out to ask for my views on the delay of the Ant IPO, and I figured I would make this Patron post public given the interest.

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2 big things that happened in the past 24 hours – (1) Ant IPO was postponed, and (2) the Election Race is much closer than expected (in line with what we discussed yesterday on Patron).

What I’m hearing from the grapevine, is that:

  • This move may have been planned in advance by the CCP.
  • Under this view, Jack Ma’s talk about excessive regulation last week was not the catalyst that caused the lockdown, but it was the response to CCP’s planned actions – rumour is that he already knew about this crackdown last week.