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Robyn Mak Profile
Robyn Mak

@mak_robyn

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Financial columnist and editor at Reuters @Breakingviews ; Asia tech and beyond. Opinions here are my own.

Hong Kong
Joined May 2012
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@mak_robyn
Robyn Mak
a month ago
I was a mega Jay Chou fan growing up, but his mother's butter-coffee IPO? Not so much. One of the most bizarre deals I've written about.
@Breakingviews
ReutersBreakingviews
a month ago
Star Plus Legend banks on the founder's pop-star son, Jay Chou, hawking "bulletproof" coffee. But Beijing's crackdown on celebrity influence threatens $57 mln of revenue. Using consumers as a sales force raises another red flag, says @mak_robyn
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@mak_robyn
Robyn Mak
5 months ago
JD actually grew market share/users while Alibaba's core retail business barely grew at all. Hard to blame this all on slowing consumption.
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@mak_robyn
Robyn Mak
8 months ago
The cost of doing business in the People’s Republic isn’t just going up – it’s fundamentally changing. My latest on common prosperity pledges, higher taxes and more.
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@mak_robyn
Robyn Mak
8 months ago
How did Kuaishou's market cap go from $200 bln-plus to $40 bln in just six months? My latest on what may be China tech's shortest-lived flash in the pan.
@Breakingviews
ReutersBreakingviews
8 months ago
Beijing and ByteDance are killing a video-app star, says @mak_robyn :
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@mak_robyn
Robyn Mak
9 months ago
Unlike Disney, Beijing's censors dictate what Tencent can do. Yet a Chinese answer to the Magic Kingdom at least fits into President Xi Jinping's vision of a prosperous middle class. My latest.
@Breakingviews
ReutersBreakingviews
9 months ago
Tencent’s Disney-like ambitions will enchant Xi @mak_robyn
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@mak_robyn
Robyn Mak
9 months ago
Tencent's WeChat "technical upgrade", which has cost the company $54 bln, probably could not have come at a worse time. My latest
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@mak_robyn
Robyn Mak
9 months ago
VIEs have long existed in a regulatory gray area, but this is a rare official acknowledgment that they are in fact a loophole to access foreign capital. Other sectors will be watching closely how edtech companies unwind these structures.
@mak_robyn
Robyn Mak
9 months ago
China is banning for-profit school tutoring. It is also banning foreign ownership in the sector, including through so-called variable interest entities. These are used by nearly $2 trln worth of Chinese companies listed in New York to skirt overseas investment restrictions.
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@mak_robyn
Robyn Mak
9 months ago
China is banning for-profit school tutoring. It is also banning foreign ownership in the sector, including through so-called variable interest entities. These are used by nearly $2 trln worth of Chinese companies listed in New York to skirt overseas investment restrictions.
@Breakingviews
ReutersBreakingviews
9 months ago
China’s tutoring rules create tough VIE homework, write @mak_robyn @ywchen1 :
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Robyn Mak
10 months ago
The Didi IPO fallout continues: Beijing now wants a greater say on companies going public overseas. This is a signal that VIEs will be regulated more.
@Breakingviews
ReutersBreakingviews
10 months ago
An offshore corporate domicile has enabled the $60 billion Didi Global and peers to easily list in New York. But new guidance from the powerful state cabinet will tighten oversight on overseas floats: @ywchen1
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Robyn Mak Retweeted
@GeniusWu
Kane WU
10 months ago
This Didi ad - “lost all your money in the stock market? Come be a good driver! Holding the driving wheel feels more secure than watching the stock indexes!”
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@mak_robyn
Robyn Mak
10 months ago
Full Truck Alliance and recruitment firm Kanzhun as well. How authorities treat transport, trucking and jobs data will shed some light on other types on information.
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