META's $2 billion acquisition of Menus was blocked by strict scrutiny from the Chinese government. The U.S. wants to acquire TIKTOK, but it will also face strict scrutiny from the Chinese government. The U.S. wants to acquire TIKTOK, but it will also face strict scrutiny from the Chinese government. Shein wants to pull a fast one and relocate to Singapore, but listing overseas is almost impossible. As long as a Chinese company is deemed important by the state, no matter what method you use, whether it’s trying to list overseas without scrutiny, getting acquired, or disguising yourself as a foreign company, you’ll be under heavy scrutiny. It’s not up to the company’s boss to decide how things go. Let’s compare: Binance, as a leading crypto company and a super-profitable one, moved abroad and got investments from foreign companies. The Chinese government doesn’t care about Binance and couldn’t be bothered to regulate it. If it were an important company, do you think CZ being Canadian would let him escape regulatory scrutiny? The government sees Binance and a bunch of crypto projects as burdens and lets them do whatever they want. At least dozens or even hundreds of crypto companies have moved abroad, right? Do you see our government paying them any attention? Huobi was acquired—did you see the government intervene? OKX is also a top-tier company. Are they invited to mainstream domestic business events or forums? Why not? No matter how much money they have, they can’t make it to the big stage. It’s all just the crypto circle organizing their own events for fun. Menus, even as a small company, can still chat and negotiate with big companies like META and the government. But exchanges and crypto project teams, no matter how big or rich they are, are treated like dog shit by the big shots in politics and business—they stay far, far away from them.