, Columnist
The Day Jack Ma Became Ray Dalio's Nightmare
Beijing’s shock move to suspend Ant’s IPO is a reminder that investing in China can be scary, no matter what smart hedge fund managers say.
More beanstalk than golden egg.
Photographer: Jean Chung/BloombergThis article is for subscribers only.
Nov. 3 was a sad, sad day for China.
Not because America’s election changes anything about its hawkish stance toward Beijing — that’s bipartisan — but because China lost a golden investment opportunity by shooting itself in the foot.