Optionality
constrained — cash-rich but China state-steered (MofCom weight-export consult, national-champion tilt, capital controls / VIE structure)
Sourced figures 1
- SCMP via kestrel china-stack thread MofCom reportedly consulting Alibaba/ByteDance on restricting overseas transfer of weights
the working
Threads 1
A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Alibaba.